MADRID : Spain's government has approved a plan to spend 12.25 billion euros on the semiconductor and micro chip industry by 2027, Economy Minister Nadia Calvino said on Tuesday, including 9.3 euros to fund the building of plants.
"The aim is to comprehensively develop the design and production capacities of the Spanish microelectronics and semi-conductor industry, covering the entire value chain from design to chip manufacturing," Economy Minister Calvino said during a news conference after the weekly cabinet meeting. The plan will finance domestic semiconductor production capacity in leading-edge and mid-range semiconductor manufacturing with a 9.3 billion euro investment, the government said.
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