The multinational Broadcom will invest in the semiconductor ecosystem in Spain.
7/7/2023
The Californian company Broadcom, designer, developer and global supplier of a wide range of infrastructure software and semiconductor products, has decided to setup in Spain and to"invest in the semiconductor ecosystem in Spain".This was announced by the president of the Semiconductor Solutions Group, Michale Kaw was, via Twitter on Thursday night.
An announcement that the President of the Government, Pedro Sánchez, celebrated.He pointed out that this decision is going to allow Spain to accelerate"its reindustrialization supported by the digital and ecological transition." Broadcom´s decision to establish a manufacturing plant for a key component for microchips is part of the PERTE Chip, launched with theRecovery Plan to turn the country into a benchmark for the microelectronics and semiconductor industry.
The FirstVice President and Minister of Economic Affairs and Digital Transformation, Nadia Calviño, described Broadcom´s announcement, which place Spain in the spotlight of semiconductor manufacturing in Europe, as "very good news.”
The SpecialCommissioner for Semiconductors, Jaime Martorell, has praised the trust shown by Broadcom in the strategic strengths of the country. This decision "will strengthen the microchip ecosystem in Spain. It is estimated that the multinational's investment will be 1,000 million dollars.”
More than 60 companies will benefit from the 'Chip Missions' grants in collaboration with the CDTI.
Jaime Martorell, Special Commissioner, participates also in the Chips JU inauguration
The aid, totaling over 80 million euros from the Next Generation EU Funds, will be available at the end of the month.
