German semiconductor manufacturer Infineon Technologies AG is growing its presence in Romania by opening an office in Iași, located in the Palas mixed-use complex, an investment by IULIUS Group. The new research and development center will initially occupy a 600 sqm area, and will expand in the future. Infineon engineers working here create semiconductor solutions for the automotive industry.
The company currently operates an R&D center in Bucharest and is expanding its business to Iași, by opening an office in the United Business Center 3 office building in the Palas mixed-use complex.
“We are glad that Infineon Technologies decided to join the business community in Palas Iași, an established regional center for major tech companies that create essential solutions for a better life. Iași has grown a lot in the last 10 years and is on the radar of big companies in the most dynamic sectors of the economy, being an attractive city in terms of investments, competing not only with Bucharest, Cluj-Napoca and Timișoara, but also with other similar European cities,” said Ionuț Pavel, Office buildings Manager Palas Iași & Palas Campus.
The new center will accommodate specialists in the development of semiconductor solutions for safer, greener and smarter cars. The office has an initial area of 600 sqm and the company plans to expand in the future.
Infineon Technologies entered the local market in 2005, when it opened a research and development (R&D) center in Bucharest and has grown to over 500 engineers in Romania.
Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. Microelectronics from Infineon are the key to a better future. With around 50,280 employees worldwide, Infineon generated revenue of about €11.1 billion in the 2021 fiscal year (ending 30 September 2021).
The United Business Center premium office space network developed by IULIUS Group includes 14 class A office buildings, with a total area upwards of 182,000 sqm, located in the urban regeneration projects in Iași (7 buildings – 75,600 sqm), Timișoara (4 buildings – 80,000 sqm) and Cluj-Napoca (3 buildings -26,200 sqm). All the buildings are designed, built and operated in an environmentally friendly and people friendly manner, so they are all either certified or pending certification in line with the LEED international sustainability standard developed by the U.S. Green Building Council.
In Iași, the business community formed in the Palas complex has grown steadily, attracted by the young and talented workforce generated by the university center and the modern office infrastructure provided by IULIUS. The interest of the business environment in the Group’s projects was the cornerstone for developing the new Palas Campus project nearby the Palas mixed-use complex. Palas Campus is the largest A class office building in Romania, with a gross leasable area upwards of 60,000 sqm; it is set to open early next year and is already fully leased.