MADRID, 24 May. (EUROPA PRESS) –

The Council of Ministers approved this Tuesday the Perte Chip that, finally, will mean 12,250 million euros of public investment until 2027, the largest amount allocated to one of the strategic projects of the Recovery Plan.

The First Vice President and Minister of Economic Affairs, Nadia Calviño, has pointed out that this Perte is the “best example” of the Transformation Plan and has highlighted that Spain has research centers and talent to play a relevant role in this industry.

“Until now, Spain has not been present in this technological field due to lack of support, lack of commitment, lack of a vision, also lack of a coherent strategy and resources”, he pointed out.

Calviño has stressed that the plan will be aimed at the entire chip value chain, from research and design to manufacturing, with the aim of reinforcing the strategic autonomy of Spain and Europe.

The plan will consist of four fundamental axes: the reinforcement of scientific capacities, the design of chips, their manufacture and the reinforcement of ICT industries, and will be directed by a High Commissioner.

For his part, Sánchez has previously presented the plan in his conference at the economic forum in Davos (Switzerland). There he has announced the increase in one billion euros of the Perte endowment to 12,000 million euros, which have finally been 12,250 million.

During the morning, Sánchez met with the CEO of Intel, Pat Gelsinger, as well as with the CEO of Micron, Szanjay Mehrotra, and the CEO of Qualcomm, Cristiano Amon. In the afternoon it will be time to meet with the CEO of Cisco, Chuck Robbins.

In the case of Gelsinger, both have discussed Intel’s investments in Barcelona together with the Barcelona Supercomputing Center with a laboratory for new technologies such as RISC V processors.

Sánchez will close his agenda in Davos by attending a private event organized by the CEO of Qualcomm on Tuesday night.