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Austria to get world-class microelectronics research centre

September 5, 2017

The Austrian electronics industry is to be allocated a total of EUR 280 million for research projects over the next five years as part of the ‘Silicon Austria’ initiative.

An international research centre for microelectronics is to be established in Austria. The laboratories are due to be set up in three cities, with each location having a different focus. The federal and regional governments as well as Austrian companies have teamed up to invest a total of EUR 280 million in the new facilities over the next five years, with the funds destined to promote university and commercial research undertakings under the aegis of the Silicon Austria project.

The project is due to get started in October and is a conscious effort to target the promising research and industrial sectors. These already employ some 4,000 researches, and an additional 500 new R&D jobs are expected to be created in the next five years, with further growth following over the mid to long term.

Electronics and microelectronics are the foundation of digitisation, and so lie at the heart of all manner of future businesses and industries. Indeed, a tenth of global economic production already depends on electronic products and related services.

The Silicon Austria project will allow the country to consolidate its expertise in the electronics sector (both in hardware and software) while strengthening the international positioning of its companies. Austria already boasts a strong electronics industry with a considerable number of global market leaders. The country’s electronics sector employs more than 63,000 staff in over 180 companies and achieves a turnover of some EUR 80 billion.