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Saxony: Silicon Saxony
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Saxony has the most vibrant economy among the former GDR states. Its economy grew by 4.0% in 2006, making it the fastest growing region in Germany, which is among other things due to the establishment of a chip producing economy near Dresden. As a result of this the region was given the nickname "Silicon Saxony". Nonetheless, unemployment remains high and investment is scarce. Because of these factors, Saxony, along with the rest of the east (excluding Berlin) qualifies as an "Objective 1" development region within the European Union, and ... can receive investment subsidies of up to 30% until 2013. In the interests of encouraging growth, the state government has attempted to develop tourism in the region, notably in the lake district of Lausitz[2]. The publishing industry and porcelain factories are well known but in total not so important contributors to Saxony's economy.
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On Tuesday, July 17, 2007, a reception will take place in the German Consulate General in San Francisco during which the business venue Saxony will be presented. In addition to the representatives of Silicon Saxony, the City of Dresden’s Lord Mayor for Economic Affairs, Mr. Hilbert, will ... introduce the state capital as a center of microelectronics and as a cosmopolitan city of culture.
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"We are placed in Silicon Saxony - one of the most dynamic technology hot spots in the world," said Frank Prein, Senior Vice President for Technology and Managing Director of Qimonda Dresden. Qimonda's current R&D activities in Dresden cover technology development, including cell concept development, material investigation, equipment improvement and novel mask technology. "We are working on the region's excellent cooperation environment to improve our R&D results and to further follow the aggressive shrink roadmap of our industry."
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Between Dresden and Freiberg, it is mainly companies dealing with microelectronics and electrical engineering that have settled in what's now known as "Silicon Saxony". This is where AMD, SolarWorld, Infineon, and Qimonda have invested in state-of-the-art factories.
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Silicon Saxony