Sanchez announces a $ 11,000 million plan to boost chip production

The Prime Minister Pedro Sanchez on Monday announced the forthcoming approval of a new Strategic Plan for Economic Recovery and Transformation (Perte) on microchips and semiconductors equipped with a public investment of € 11,000 million.

“Semiconductors are a key element of all energy sectors and are gaining global geostrategic importance in the context of digital transformation,” the president said in a speech: “Wake up, Spain!” In the second edition. “Learning, Growth and Sustainability in Europe in Solidarity”, Symposium organized by El Español, Invertia and D + I.

Sanchez defended that Spain is not going to lose the race for the most advanced technologies, on the contrary: “The government wants our country to be at the forefront of industrial and technological progress,” he said. For this reason, the President underlined the “ambitious commitment” to popularize this Perte, which seeks to attract significant investment in the semiconductor industry and related new technologies, which will be “key” to achieving the desired strategic autonomy at European level.

As part of the Restoration, Transformation and Sustainability Plan, the Executive has supported nine strategic projects: the development of Perte electric and related vehicles; Perte for the latest health; Renewable energy, renewable hydrogen and storage pert; Agro-food Perte; The new economy of Perte’s language; And Perte’s circular economy; Marine Perth; Digitization of aerospace pert and water pert.

In addition, the government is also considering Perte’s subsequent approval of the social economy and care, with the exception of Perte on microchips and semiconductors, which was announced this Monday by the president of the executive branch.