With EUR 11 billion in public investment, Spain aims to become one of the leading locations for the production of microchips and semiconductors. “Semiconductors are a fundamental part of all energy sectors and are gaining importance geostrategically in the context of digital transformation,” Prime Minister Pedro Sánchez said Monday.
The funds should be made available as part of one of the strategic projects funded by the EU Recovery Fund to overcome the pandemic. Significant private investment needs to be boosted with public resources in strategically important sectors of the economy.
Of the EUR 750 billion Corona program, Spain will receive 140 billion by 2026 as one of the countries hardest hit by the pandemic. Of this, 72 billion will be transferred as a grant, ie as direct aid that does not have to be repaid. The rest are cheap loans that Spain does not want to use for the time being.
So far, the government has defined nine projects for the use of EU funds. The aim is to promote electric cars, healthcare, renewable energy, agriculture, Spanish and other regional languages in the fields of artificial intelligence, circular economy, maritime, space and water management. There have been some complaints from industry about slow implementation.
Source: Krone
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