Infineon to expand its investment in Wuxi unit

$300 million outlay for semiconductor plant to add 2,500 new jobs, boost manufacturing

Infineon Technologies AG, Germany's largest and Europe's second-largest semiconductor producer, has revealed plans to build a second factory in Wuxi, Jiangsu province, at a cost of nearly $300 million to accelerate its smart-manufacturing capability in China.

Reinhard Ploss, its chief executive officer, said the facility could create around 2,500 jobs once production is at full tilt, adding the country's "Made in China 2025" strategy provides the firm with considerably more design and manufacturing opportunities.