Infineon inaugurates new Hungarian headquarters
Germany semiconductor manufacturer Infineon Technologies on Monday inaugurated its new 17 billion forints (EUR 52.6m) Hungarian headquarters in Cegléd, central Hungary, creating 533 jobs.
The government supported the investment with a 1.2 billion forints grant, Foreign Minister Péter Szijjártó noted at the ceremony. Infineon is an important link in the switch-over to electromobility, the minister added.
“It is important that tech companies bring investment, R+D or production to Hungary,” he said.
A two-lane road between Budapest and Cegléd will be constructed by late 2019 with a view to improving the town’s infrastructure and logistics, Szijjártó said.
Chairman of the board of Infineon Technologies Jochen Hanebeck said the semiconductors made by Infineon play a key role in electric cars, self-driving vehicles, solar cells and wind-turbines, as well as data security.
Featured image: MTI
Source: MTI
please make a donation here
Hot news
Depreciation uncovered: Why has the Hungarian forint weakened so much in recent years?
Dynamic wage growth expected in coming years in Hungary, Orbán cabinet believes
Top Hungary news: American woman with Irish murderer on VIDEO, Prince Buda and Princess Pest – 24 November, 2024
Opposition leader Magyar banned from Hungarian children’s homes, welcomed by crowds in “Fidesz’s capital”
One of the world’s most beautiful libraries is in Budapest, and it’s turning 120 – PHOTOS
Have you ever heard the story or seen the statue of Prince Buda and Princess Pest? – PHOTOS