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Government approves a permit to turn Spain into a producer of European semiconductors

The Council of Ministers Approved Perte Chip This Tuesday, Which Will Finally Mean Public investment of 12,250 million euros By…

By admin , in news , at May 24, 2022

The Council of Ministers Approved Perte Chip This Tuesday, Which Will Finally Mean Public investment of 12,250 million euros By 2027, the largest amount allocated to one of the strategic projects of the Recovery Plan.

First Vice President and Minister of Economic Affairs, Nadia Calvino, has described it as the “best example” of the Pert transformation plan and highlighted that Spain has a research center and talent. play a relevant role in this industry,

“Until now, Spain does not exist in this technical sector due to lack of support, lack of commitment, lack of vision, a coherent strategy and lack of resources,” he explained.

Calvino underlined that the plan will be aimed at the entire chip value chain, from research and design to manufacturing. Strengthening the Strategic Autonomy of Spain and Europe,

This new strategic project will be financed by an addendum to the recovery plan, which the government will introduce in the second half of the year, and through non-reimbursable transfers and loans that Spain has not yet requested.

One of the reasons for the crisis in the supply chain has been the shortage of chips and semiconductors. The main sources of stress in the economy in the pandemicProduction constraints, especially in the automotive sector.

“Today, in our personal or professional lives it is rare to have a device that does not have a microchip,” cited Calvino as an example to illustrate the importance of these components.

“If the Covid crisis highlights the need to accelerate digital transformation and strengthen our welfare state, the war in Ukraine will make strategic energy, technological and food autonomy as well as cyber security in our country and Europe a priority and urgent makes. whole”, he pointed out.

Sanchez, looking for private financing

For his part, Sánchez has previously presented the plan at his conference at the Economic Forum in Davos (Switzerland). There he announced an increase of one billion euros in the Perte Endowment to 12,000 million euros – which eventually increased to 12,250 million.

in the morning, Sanchez has met with CEO of IntelPat Gelsinger, as well as . CEO of micronSanjay Mehrotra, and CEO QualcommChristian Ammon. In the afternoon the meeting time with the CEO will be ciscoChuck Robbins.

In Gelsinger’s case, the two have discussed Intel’s investment in Barcelona with the Barcelona Supercomputing Center, a laboratory for new technologies such as RISC V processors.

Sanchez will kick off his agenda in Davos on Tuesday night by attending a private event hosted by Qualcomm’s CEO.

For his part, Calvino has outlined the existence of “very positive initial contacts” that have been received with “great interest”. For the Vice President, Perte’s publication is the starting point to begin “more formal contacts”.

Perte, former president of Motorola. will coordinate

El Perte will be coordinated by a high commissioner in Spain led by the former CEO of ONO and the former president of Motorola, Jaime Martorell Suarez, Martorell was also the CEO of ATT.

The unit, guided by Martorell, will include managerial and technical profiles that will promote and coordinate Perte’s actions with the ministries involved (science and innovation, economic affairs and digital transformation and industry, commerce and tourism), as well as local entities. autonomous community.

Similarly, it will establish permanent contacts with national and foreign industry, assess the feasibility of projects and help establish business initiatives within the framework of the European Chip Law, which aims to raise an investment of another 43,000 million euros.

Government approves a permit to turn Spain into a producer of European semiconductors

2022-05-24 14:19:14