The Government will approve todayin the Council of Ministers, the Perte for the semiconductor industry. Initially, according to Europa Press, it was planned that 11,000 million euros would be allocated to it, but in Cinco Días they point out that the amount that will finally be allocated for this Perte will be of 12,000 million.
This Perte will be the one associated with the largest amount of public investment and its objective is to attract chip manufacturers to Spain, in addition to reinforcing the country’s industrial sovereignty. It also seeks to improve Spain’s autonomy in the face of the supply chain crisis that began with the pandemic and worsened with the invasion of Ukraine. As a consequence of this, the worldwide shortage of chips and components is causing problems in various strategic sectors, such as the automotive or electronics sectors.
The council of ministers that approves this Perte is chaired by the First Vice President of the government, Nadia Calviño, since Pedro Sánchez is participating in the annual meeting of the World Economic Forum, which is held in Davos, and in which he plans to meet with the CEOs of various technology companies to attract their activity and investment to Spain. Because Spain not only wants to attract investors focused on chip manufacturing, but the Government also plans to get technology companies to choose the country also for the design and piloting phases.
Pedro Sanchez, in addition to participating in various sessions, plans to meet with the Intel CEO Pat Gelsinger; with the Micron CEO Szanjay Mehrotra; with the Qualcomm CEO Christian Amon; and with him Cisco CEO Chuck Robbins. In addition, he is also going to participate in a private event organized by Cristiano Amon, and meet with executives from Arcelor Mittal or Tamasek.
As Sanchez stated last Wednesday, during the inauguration of the Spain-Qatar Business Forum, the Government wants «make Spain a benchmark and cutting-edge location for the manufacture of microchips and semiconductors on the European continent“, to which they hope that the approval of this Perte can help, which is in line with the recovery plans for the crisis caused by the COVID-19 pandemic.
But Spain not only wants to attract investors focused on chip manufacturing, but the Government also plans to get technology companies to choose the country also for the design and piloting phases.
