AGP Executive Report
Last update: 10 hours agoSemiconductors: Infineon will invest €1.1bn to scale power gallium-nitride chip production at its Austrian site to 300mm wafers. The European Commission approved €319m in state aid for the project, billed as the EU’s first facility of its kind. Industrial technology: Finland’s Valmet plans to acquire Tieto’s manufacturing execution software business, adding AI-powered production planning and strengthening its automation offering. Automotive: Audi’s planned $4bn US factory highlights how tariffs are shaping European manufacturers’ investment decisions. Meanwhile, EU lawmakers are moving to ease 2035 car-emissions rules, as Chinese automakers expand production in Europe to sidestep tariffs. Defence manufacturing: Poland has been selected to host the first Patriot PAC-3 maintenance hub outside the US, while Pratt & Whitney has started building a $100m fighter-engine factory in the country. Industrial policy: European manufacturers are pressing the EU for stronger trade defence, as Brussels and London seek common ground on “Made in Europe” rules.
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