German semiconductor manufacturer Infineon Technologies AG will invest US$40 million over the next four years to expand its production capacity in the border city of Tijuana, Baja California, state authorities announced.
The project was unveiled during a meeting held in Germany by a delegation led by Governor Francisco Vega de Lamadrid and the Secretary of Economic Development, Carlo Bonfante Olache, with executives of the company including Alfred Hoffmann, Joerg Spiegel and Jirko Lohse, corporate vice presidents of different areas, as well as Lena Rhiem, from Public Affairs.
Infineon has been operating in Tijuana for 17 years under the name Rectificadores Internacionales S.A. de C.V. as a manufacturer of power management technology including integrated circuits, circuit devices, power systems and other components.
The company provides solutions for aerospace, defense, automotive, medical, computing, plasma, display, and lighting markets worldwide.
The expansion project includes new production lines and clean rooms to expand its production capacity, for which more than 200 people will be hired to join the 1,900 workers that make up its current staff.