The President of the Government of Spain held a meeting with Cisco Systems executives
10/11/2022
The meeting, which took place at the Moncloa Palace, was attended by the First VicePresident and Minister for Economic Affairs and Digital Transformation, Nadia Calviño, and the Special Commissioner for the PERTE Chip, Jaime Martorell.During the meeting, they discussed the Spain’s strengths in the field of microelectronics, as well as Cisco’s recent announcement to establish its European semiconductor design center in Barcelona
The president reiterated Spain's commitment to the European goal established in theChip Acts. "Spain is becoming a key player in achieving the EU goal of reaching 20% of the global chip market by 2030. We have approved the PERTE for microchips and have the roadmap, reforms and incentives to attract talent and consolidate the current Spanish ecosystem."
The PERTE for microelectronics and semiconductors is the most ambitious project of theRecovery Plan due to its transformational impact for the industry and its contribution to reinforce the strategic autonomy of Spain and the EuropeanUnion in technological matters, a crucial element in view of the situation inRussia and Ukraine.
More than 60 companies will benefit from the 'Chip Missions' grants in collaboration with the CDTI.
Jaime Martorell, Special Commissioner, participates also in the Chips JU inauguration
The aid, totaling over 80 million euros from the Next Generation EU Funds, will be available at the end of the month.
