Sánchez presents Samsung with his new strategy to be a benchmark in chips
The President of the Spanish Government, Pedro Sanchezpresented this Thursday to senior officials of samsung Spain’s plans to become a leading country in the field of semiconductors and microchips and attract investment in this sector. Sánchez began with a meeting with those responsible for Samsung the agenda of his official visit to South Korea, which has a prominent economic and commercial component and the search for investment for Spain.
The chief executive moved from seoul to Samsung’s microprocessor manufacturing facility located in Pyeongtaek, the world’s most advanced microchip manufacturing facility. There he was received by the executive director of the device solutions division of Samsung Electronics, Kye-hyun Kyungand the president and CEO of the microchip business division, Si-young Choiwith whom he toured various parts of the factory and met later.
This meeting is joined by another on Friday, on the last day of his visit to Seoul, with the CEO of the multinational, Lee Jae Yong. At the meeting this Thursday, according to Spanish sources, Sánchez explained the “ambitious” strategy of his Executive to turn Spain into a relevant player in the semiconductor value chain through a wide range of incentives and aidattractive financing mechanisms, a rapidly growing ecosystem and the ability to attract talent and highly qualified personnel.
In line with this, he explained that Spain is going to allocate 12,000 million euros, including €9 billion of public funds, for manufacturing facilities. The Government stresses that Spain has a growing ecosystem of companies in fields such as integrated photonics, cybersecurity and the design of quantum components, in addition to an important network of microelectronics research centers, and leading institutes in the field of photonics such as the Institute of Photonic Sciences or the Barcelona Supercomputing Center.
Also, remember that Nearly 37,000 engineers graduate each year in Spainand all this led Sánchez, who was accompanied on the visit by his Minister of Industry, Commerce and Tourism, maroto kings, to affirm that Spain is “a pole of attraction for talent”. Some large companies have already announced their investment plans in Spain.
Thus, the American multinational Cisco advanced last week will locate its first semiconductor design center in Barcelona next generation in the European Union. The President of the Government signed the book of honor of the Samsung facilities and expressed his desire to increase cooperation between Spain and South Korea for the benefit of the societies of both countries.
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