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Broadcom plans to build semiconductor fab in Spain

Broadcom plans to build semiconductor fab in Spain

Posted Date: 2023-07-14

July 13, 2023 /SemiMedia/ — In keeping with stories, Broadcom is planning to construct a producing plant value as much as $1 billion in Spain.

Broadcom CEO Charlie Kawwas stated final week that the corporate would spend money on an EU-funded program to develop semiconductors in Spain.

The Spanish Economic system Ministry stated in an announcement that Broadcom’s involvement within the mission may very well be value $1 billion. The mission will embrace the development of a large-scale back-end Semiconductor facility distinctive in Europe.

As well as, the Spanish authorities said that it's going to allocate as much as 12 billion euros to subsidize the event of the semiconductor trade.

The EU is attempting to strengthen its personal chip trade and scale back its reliance on U.S. and Asian provides after struggling a world semiconductor scarcity and provide chain bottlenecks.