MADRID – Spain will spend 11 billion euros on a plan to spice up the semi conductor and micro chip business, Prime Minister Pedro Sanchez mentioned on Monday.
The brand new spending plan, primarily financed via European Union pandemic aid funds, will probably be accredited ‘quickly’, he mentioned.
A worldwide scarcity of micro chips, attributable to a sudden peak of demand following the pandemic and provide chain bottlenecks, has pressured producers akin to automotive makers to decelerate output.
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