India, Nov. 11 -- European Commission has approved €319 million in Austrian State aid to support the upgrading of Infineon Technologies Austria AG's ('IFAT') existing semiconductor facility in Villach, Carinthia.

Illustration of micro chips

The measure will contribute to strengthening the EU's position and autonomy in the semiconductor value chain in line with the objectives set out in the Commission's Communication 'A Chips Act for Europe' and the Commission's 2024-2029 Political Guidelines.

Austria notified the Commission of its plan to support IFAT's 'Empowering Fab' project, which will establish high-volume manufacturing of power gallium nitride (GaN) semiconductor devices, which provide superior energy efficiency, greater po...