Type
Business expansion
Country
Hungary
Region
Kozep-Magyarorszag; Kozep-Magyarorszag; Pest
Location of affected unit(s)
Cegléd
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Computer, Electronic And Optical Products
26.1 - Manufacture of electronic components and boards

533 jobs
Number of planned job creations
Job creation
Announcement Date
18 June 2018
Employment effect (start)
18 June 2018
Foreseen end date

Description

The Hungarian subsidiary of German semiconductor manufacturer Infineon Technologies AG inaugurated its new headquarters building in Cegléd and announced the creation of 533 new jobs. The HUF 17 billion (EUR 51.7 million) investment was supported by the government with a non-repayable grant of  HUF 1.2 billion (EUR 3.7 million).

The plant in Cegléd was opened in 1989 with 37 workers, now the company has almost 1,000 employees.

Infineon Technologies AG is a market leader in the development and production of semiconductors, it has 37,500 employees. 


Sources

  • 16 June 2018: Műszaki Magazin
  • 18 June 2018: Magyar Idők
  • 18 June 2018: Portfolio.hu

Citation

Eurofound (2018), Infineon Technologies Cegléd, Business expansion in Hungary, factsheet number 94428, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/94428.