Horstmann attributed the rise in demand to the pandemic, which has shown the need for digitization and driven technological innovation, the report said. Over the past decade, the region has added 450 high-tech companies and 35,000 tech industry workers, according to business association Silicon Saxony. Automakers are expected to lose billions of dollars in earnings this year due to a shortage of highly important semiconductor chips. Infineon, also based in Dresden, plans to expand its production capacities over the next five years, investing €1.1 billion. Much of AMD's recent success against Intel Corp. in server microprocessors is owed to the 'superior products' manufactured in Dresden and 'superior time-to-market' enabled by AMD Saxony, said Hans-Raimund Deppe, corporate vice president and general manager at AMD Saxony.

Source: The Local April 05, 2021 20:46 UTC