Spanish Prime Minister Pedro Sanchez announced on Monday that government will invest 11 billion euros ($12.1 billion) in Microchip and semiconductor industries.
“we want To be at the forefront of Spain of industrial and technological progress, said in an economic forum ” in Madrid adding that semiconductors of “global geostrategic importance.
“This is ambitious project To bring significant investment to semiconductors and related technology it will be key to reach strategic autonomy at the European level.
The investment will be packaged in the form of one of Spain’s strategic projects for Economic recovery and transformation (Peretz), which will paint on European funds are intended to mobilize private investment as well.
The project It will be approved by government soonSanchez added.
Semiconductors are increasingly becoming an essential component of Modern life, but demand Width exceeded in Last few years. This has become the main bottleneck for Spain auto industry, which accounts for about 10% of The country’s gross domestic product.
Spain is not alone in Make significant investments in semiconductors space.
The EU now aims to produce 20% of the world semiconductor by 2030, up from 10% currently. For this, the European Union will act more More than 43 billion euros of public And the private Investment, according to the European chip law.
Spain is looking forward to being at the fore of that pays to decrease its economic dependence on Tourism, as well as its dependency on critical imports.
This crisis (the war in Ukraine) as an excuse for us no progress and do what we are need To do … on the contrary, moments like This is when we should Reaffirm our principles and the elements that will allow us to win The future Sanchez said.
