Infineon to invest $1.44B in Thailand chip assembly and packaging

Infineon Technologies is investing 48 billion baht ($1.44 billion) to expand its assembly and packaging operations in Thailand. The German chipmaker sees potential to eventually manufacture semiconductors in the country.

• Infineon's Thailand investment totals 48 billion baht ($1.44 billion)
• Funds go toward expanding chip assembly and packaging
• Company sees Thailand as a potential semiconductor production hub