Infineon Technologies Plans Larger Investment in Malaysia Expansion
03 August 2023 - 8:19AM
Dow Jones News
By Adria Calatayud
Infineon Technologies plans an additional investment of up to 5
billion euros ($5.47 billion) over the next five years to expand
its chip-making facilities in Kulim, Malaysia.
The German chip maker said Thursday that strong demand for power
semiconductors supports its intention to expand the investment in
Malaysia above the original plan outlined in February 2022, when
the company said it would invest more than EUR2 billion to build a
third module at its site in Kulim.
Infineon has received customer commitments covering around EUR5
billion for automotive and industrial applications and prepayments
of about EUR1 billion, it said.
The planned expansion gives the company confidence its revenue
from silicon-carbide operations will come in ahead of its target of
EUR1 billion in fiscal 2025, and will reach about EUR7 billion by
the end of the decade, Infineon said.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
August 03, 2023 02:04 ET (06:04 GMT)
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