The Government approves this Tuesday a PERTE of 11,000 million investment in microchips
The Council of Ministers approved this Tuesday the Strategic Project for the Recovery and Economic Transformation (Perte) of semiconductors, which has an investment of 11,000 million public euros to make Spain an outstanding center for the design and manufacture of these components.
The President of the Government, Pedro Sánchez, who announced the plan a month agoexposes it this Tuesday at the World Economic Forum in Davoswhere he looks for potential investors.
This new project will allow progress in Europe's strategic autonomy after the bottlenecks caused by the shortage of these components in a large part of the economic sectors worldwide after the outbreak of the pandemic.
With a public contribution of 11,000 million euros, the investment in semiconductors, announced in April by Sánchez, is the largest in terms of public funds of the eleven strategic projects announced so far by the Executive.
Sánchez will meet today in Davos with the companies Intel, Qualcomm, Micron and Cisco to attract investment in microchips
The President of the Government, Pedro Sánchez, will meet this Tuesday at the World Economic Forum, which is being held in the Swiss city of Davos, with the main leaders of Intel, Qualcomm, Micron and Cisco, large companies in the microchip and semiconductor sector, to attract investment to Spain in this field. The president has started the trip on Monday at noon and will return to Spain on Wednesday morning.
Upon arrival, Sánchez attended a private dinner organized by the CEO of Intel, Pat Gelsinger, with whom he also plans to meet bilaterally early on Tuesday. Subsequently, the meetings with the rest of the businessmen will take place: With the CEO of Micron Technology, Szanjay Mehrotra; that of Qualcomm, Cristiano Amon and in the afternoon with the CEO of Cisco, Chuck Robbins.
These meetings have the objective of attracting microchip design and production capacity, according to Moncloa, since the Government is going to approve this very Tuesday in the Council of Ministers -which will be chaired by the first vice-president Nadia Calviño- a Part of semiconductors and microchips of 11,000 million euros of public investment charged to European recovery funds.
Europe Press reports.