The semiconductor, the Nadia Calvio recalled, is the core element of processors or chips, so they are “essential for digital transformation”.

Cabinet has approved Semiconductor PERTE, a scheme for which over 12,000 million euros will be allocated, the highest ever in a project of these features. This amount, which is a third of the total investment of 10 PERTE presented, will be used to transform Spain into a global player in the region.

Isabel Rodriguez, minister for regional policy and government spokesman, explained that Pedro Sánchez was not present in the council precisely as he was in Davos to defend the plan.

For his part, the Minister of Economy, Nadia Calviodescribed the project as “the most ambitious of the recovery plan”, both for the amount allocated and “for its transformative impact” and “for its contribution to the strategic autonomy of Spain and the European Union in technical matters”.

PERTE aims, Calvio said, “to comprehensively develop the design and production capabilities of the Spanish microelectronics and semiconductor industry.” The government expects it to cover the entire value chain – “from design to manufacturing of chips”, the minister said – and it will generate “a significant multiplier effect” not only in the technology sector, but in the world. Overall economy..

Semiconductors, Calvio recalled, are a core element of processors or chips, which is why they are “essential for digital transformation.” And the current supply crisis makes it more difficult to produce technical products due to the shortage of these components.

In this context, Europe’s “minor” role in the region with “great manufacturing weaknesses” (it represents 10% of world manufacturing) emphasizes its reliance on “small numbers of producers concentrated in certain regions”. Mainly in East Asia and the United States.