Spain to Focus on Producing Simpler Microchips After Losing Bids
- Government wants to produce chips for domestic auto industry
- US, German competition derailed plan to make high-end chip hub
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Spain will focus on producing less-advanced semiconductors used in domestic industry after its ambitions to make cutting-edge microchips have failed to attract investment to date, according to people familiar with the government’s plan.
Following losing bids for production facilities to Germany and the US this year, Prime Minister Pedro Sánchez is concentrating Spain’s €12.3 billion ($12.9 billion) plan on midrange semiconductors, the people said, asking not to be identified as the strategy is not public.