German Minister for Digitalization and State Modernization Karsten Wildberger (L) and Saxony's State Premier Michael Kretschmer(C Back) greet apprentices at 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 / POOL / AFP via Getty Images)

Workers load bricks onto a tractor trolley along a road in Amritsar on July 2, 2026. (Photo by Narinder NANU / AFP via Getty Images)

Members of media film near the screens showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. dollar and South Korean won at a dealing room of Hana Bank in Seoul, South Korea, Thursday, July 2, 2026. (AP Photo/Lee Jin-man)

A dealer watches computer monitors at a dealing room of Hana Bank in Seoul, South Korea, Thursday, July 2, 2026. (AP Photo/Lee Jin-man)

A dealer walks past near the screens showing the foreign exchange rates at a dealing room of Hana Bank in Seoul, South Korea, Thursday, July 2, 2026. (AP Photo/Lee Jin-man)

Infineon microcontrollers are pictured before the opening ceremony of the new Smart Power Fab of German semiconductor manufacturer Infineon Technologies AG in Dresden, eastern Germany, on July 2, 2026. With an investment of five billion euros, the new facility represents the largest single investment in Infineon's history. (Photo by Ronny HARTMANN / AFP via Getty Images)

An Intermediate Bus Converter (IBC), designed for AI Server architectures, is pictured before the opening ceremony of the new Smart Power Fab of German semiconductor manufacturer Infineon Technologies AG in Dresden, eastern Germany, on July 2, 2026. With an investment of five billion euros, the new facility represents the largest single investment in Infineon's history. (Photo by Ronny HARTMANN / AFP via Getty Images)

A 300mm wafer is pictured before the opening ceremony of the new Smart Power Fab of German semiconductor manufacturer Infineon Technologies AG in Dresden, eastern Germany, on July 2, 2026. With an investment of five billion euros, the new facility represents the largest single investment in Infineon's history. (Photo by Ronny HARTMANN / AFP via Getty Images)