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Infineon awarded HUF 357 million development grant

The Hungarian unit of German chip maker Infineon Technologies was awarded a HUF 357 million state development grant to support a €17 million capacity expansion at its plant in Cegléd, the latest issue of the official economy gazette Gazdasági Közlöny shows.

Infineon Technologies has already completed €5 million of the investment, creating 50 workplaces, since it announced the development in February 2009. The company will complete the investment by 2012, creating 200 more workplaces

Infineon's plant in Hungary makes semiconductors for wind-powered generators, solar invertors, trains, factory equipment, escalators and elevators. (MTI-ECONEWS)