German company Infineon Technologies AG opened an R&D center in Palas Iasi complex
German semiconductor manufacturer Infineon Technologies AG is growing its presence in Romania by opening an office in Iasi, located in the Palas mixed-use complex, an investment by IULIUS Group. The new research and development center will initially occupy a 600 sqm area and will expand in the future.
The new center will accommodate specialists in the development of semiconductor solutions for safer, greener, and smarter cars. The office has an initial area of 600 sqm and the company plans to expand in the future.
Infineon Technologies entered the local market in 2005, when it opened a research and development (R&D) center in Bucharest and has grown to over 500 engineers in Romania.
With around 50,280 employees worldwide, Infineon generated revenues of about 11.1 billion Euro in the 2021 fiscal year (ending 30 September 2021).