May 18, 2018 / 10:38 AM / 6 months ago

Infineon to build 1.6 bln euro chip plant in Austria

VIENNA, May 18 (Reuters) - Germany’s Infineon Technologies announced on Friday it will invest 1.6 billion euros ($1.88 billion) to build a new 300 millimetre chip making facility in Austria to lay the ground for long-term growth.

Construction of the plant, to be located in Villach, will begin in early 2019 with investment to be spread over six years. The facility should enter production in early 2021 and will have annual sales potential of 1.8 billion euros, Infineon said.

$1 = 0.8488 euros Reporting by Kirsti Knolle Writing by Douglas Busvine Editing by Maria Sheahan

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