Spain to Spend EUR 12.25 Billion on Semiconductors, Microchips by 2027 to Boost Digital Economy

Spain's government has decided to spend EUR 12.25 billion (roughly Rs. 1,01,600 crore) on the semiconductor and microchip industry over the next five years, stated Economy Minister Nadia Calvino said on Tuesday. The plan, consisting mostly of European Union pandemic relief funds, will aim to boost Spain’s digital economy while meeting the demand created by chip sho...

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