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