Located in eastern Germany, Saxony sits at the junction of Germany, Poland and the Czech Republic. It has the most dense rail network in Germany and international airports located at Dresden and Leipzig.

Saxony has become a major location for technology companies, mainly located in one of the urban areas of Dresden, Leipzig and Chemnitz. Industries particularly well represented are semiconductors, engineering, electronics, optical equipment, environment and printing and publishing.

Dresden has become the center of semiconductor activity within Saxony. They have attracted a number of companies involved in producing the basic materials used in modern electronic products. The area was recently boosted by Siemens' decision to establish what will be the largest and most modern development and   production center of its kind in Europe and the American corporation AMD (Advanced Micro Devices) is also investing heavily in the area, along with ABB, Bosch and Philips. This level of activity has encouraged investments from software companies such as Paravision Software from California.
The environmental sector has also become a significant one in the region, particularly in Leipzig which is home to the Leipzig-Halle Environmental Research Center.

There are four universities in the region in Leipzig, Dresden and Chemnitz. In total there are 67,000 university-level students, 37% of whom are studying engineering or science subjects. Saxony also has a number of research centers with activities focusing on production techniques, information and microsystem technology, material sciences, medical and biological research and energy technology.

Regional Chairman:
	Arnim Schiffmann Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft Grimmaische Str. 25 04109 Leipzig Tel. +49 (0)341 252 62 35 60 E-Mail: arnim.schiffmann@de.ey.com