Germany's Infineon Technologies will spend 1.1 billion euros over eight years to expand a semiconductor plant in Willach, Austria, Bloomberg reports. The funds will be used to modernize the infrastructure for manufacturing power chips based on gallium nitride on 300 mm wafers, which are in demand in artificial intelligence data centers and electric vehicles. About a third of the investment will be funded by the European Union as part of the chip law, and mass production in new facilities is planned to begin at the end of 2027.