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Sanchez will meet with Intel, Qualcomm, Micron and Cisco in Davos to attract investment in microchips

government chairman, Pedro Sanchez, will meet with key leaders from Intel, Qualcomm, Micron and Cisco at the economic forum in…

By admin , in news , at May 20, 2022

government chairman, Pedro Sanchez, will meet with key leaders from Intel, Qualcomm, Micron and Cisco at the economic forum in Davos next week, microchip and semiconductor majors to attract investment in the region to Spain. The president will travel to Davos in the afternoon on Monday and return to Spain on Wednesday morning.

Sanchez will hold bilateral meetings with these directors aimed at attracting microchip design and production capacity, as reported by Moncloa and after the government on Tuesday approved a permit for semiconductors and microchips. €11 billion,

relocation

From Moncloa they indicate that Spain is going to offer a resource project continuously over time and the strength of the country, while showing that Davos This is the best platform to present this project to large companies who are looking to relocate from Asia for greater security of supply.

However, they warn that this type of Investment They do not happen immediately, they require months of negotiations and therefore government forecasters do not announce major investments after these meetings. It aims to open the door to this possibility and to continue the conversation in the coming months.

In addition to these bilateral meetings, Sanchez will also attend a dinner hosted by Intel for leaders of technology companies on Monday and a reception on Tuesday. Qualcomm, In this final act, Sanchez will be the guest of honor and will offer a few words to the 50 CEOs of the world’s leading technology companies.

Arcelor and Singapore

The chief executive will also meet Temasek, Singapore’s sovereign wealth fund, which has shown interest in investing in SpainAccording to sources in Moncloa. The government will try to ensure that these investments are directed to areas it considers a priority, such as ecological transition, digital transformation and industrial autonomy.

In addition, there will be a meeting with the leaders of ArcelorMittal In which he will discuss pending investments in Spain. The company has several plants in the national territory and they are pending to start the decarbonization process.

The executive wants the company to invest in this transition and has indicated that talks are underway to find out what support they need to keep the plants running. Spain And if possible expand its production in the country.

Switzerland and Rwanda

On the other hand, regarding meetings with international leaders, Sanchez will be meeting with the Swiss President, ignazio cassis and with Rwanda’s President Paul Kagame.

According to government sources, Rwanda’s election responds to the fact that he is an African leader with the ability to influence the continent and has shown himself in proposals in favor of Ukraine. United Nations, In government they believe that there will be a lot of war related activities in the whole forum and they try to get the impression that there is about it in other areas as well so that the war legend is not lost.

Throughout the day, the President will also try to have an informal meeting with the Prime Minister of Moldova, Natalia GavrilitaTo compensate for the trip he had scheduled for late April and to go to the deputy Congress to vote on the plan against the consequences of the war he eventually canceled.

In addition, Sanchez is going to inaugurate a dinner with the Greek Prime Minister on Europe’s global role, Kyriakos Mitsotakiso and the President of the European Central Bank, Christine Lagarde.

Sanchez will meet with Intel, Qualcomm, Micron and Cisco in Davos to attract investment in microchips

2022-05-20 12:32:56