The semiconductor manufacturer broadcom has announced this Thursday that it will install a plant in Spain manufacturing in which it will invest 900 million euros.
“Excited to announce our decision to invest in the Spanish semiconductor ecosystem under its #PERTE_Chip semiconductor support program and the principles of the EU Chip Law. Thanks to Pedro Sánchez for his support and decision to build a more resilient global semiconductor value chain,” CEO Charlie Kawaas said on Twitter.
Excited to announce our decision to invest in Spain’s semiconductor ecosystem under their semiconductor support program #PERTE_Chip and EU Chips Act principles. Thank you @sanchezcastejon for your support and decisiveness to build a more resilient global semiconductor value chain. pic.twitter.com/HaYLWBGwgu
—Charlie Kawwas (@CharlieKawwas) July 6, 2023
According to government sources, behind this statement lies the intention to build a large-scale back-end semiconductor“, that would be the only one in Europeincreasing the company’s penetration in this niche market and playing a strategic role in strengthening the microchip ecosystem in Spain.
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It is estimated that the operation will mobilize an investment of 1,000 million dollars (900 million euros), although the location for which the company will bet to settle in our country has not been disclosed.
Thus, the First Vice President and Minister of Economic Affairs, Nadia Calviño, applauded this “great news” for the microelectronics and semiconductors ecosystem and has indicated that it is “a sign of the confidence of international investors in our country”, he wrote in a message on social networks.