German Minister for Digitalization and State Modernization Karsten Wildberger (R), Saxony's State Premier Michael Kretschmer (C) and CEO of Infineon Jochen Hanebeck (L) look at a circuit board during the opening of the Infineon Smart Power Fab in Dresden, eastern Germany, on July 2, 2026. German semiconductor giant Infineon officially opens a large new chip factory in eastern Germany on July 2, three months ahead of schedule. The new, highly automated plant -- which cost 5 billion euros ($5.7 billion) -- has been repeatedly held up as a symbol of the European Union's push to bolster the domestic tech sector and reduce dependency for crucial parts on Asia and the United States. (Photo by Robert Michael / dpa/Pool / AFP via Getty Images)