Semiconductors (Spanish market)

Main article: Semiconductors (European market)

2024: $12.9 billion earmarked for semiconductor industry

As of May 2024

2022: Spanish authorities invest $12.4 billion in chip development

In early April 2022, Spanish Prime Minister Pedro Sanchez announced that the country's authorities will use the funds of the European fund to combat the consequences of the COVID-19 coronavirus pandemic in the amount of $12.4 billion for the development of the national semiconductor industry.

According to Bloomberg news agency, Spanish subsidies will be aimed at developing semiconductor components and technologies for their production. Note that in mid-March 2022, Intel, although it ranked Spain among the countries where it would like to place production facilities until 2030, discussed only the local computing center in Barcelona, ​ ​ where a supercomputer was created and operated with its support. For this reason, it is difficult for the Spanish authorities to judge whether Intel itself intends to organize some kind of chip production or development in Spain.

Spanish authorities will invest $12.4 billion in the development of chips and semiconductors

We want our country to be at the forefront of industrial and technological progress. All work on the part of the Spanish authorities, on the part of business, and on the part of scientists should be aimed at one thing - at making an unprecedented breakthrough, "said Spanish Prime Minister Pedro Sanchez.

In Italy, Intel will place a chip testing and packaging enterprise, in Germany, the production of crystals with microprocessor developments of third-party customers will be established, and the corporation's research center will appear in France. Perhaps in this way, according to Bloomberg, the Spanish authorities also expect to attract other market participants to localize other projects in the field of semiconductors.

Spain is using unprecedented funds allocated by Brussels to restore the economy after the consequences of the coronavirus pandemic (COVID-19) to invest in the semiconductor industry to reduce dependence on tourism and reduce one of the highest unemployment rates in Spain in the European Union.^[1]

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