US EditionBroadcom Scraps $1bn Chip Plant in Spain
5 Articles
5 Articles
Broadcom scraps $1bn chip plant in Spain
US chipmaker Broadcom has abandoned its planned $1 billion (€910 million) investment in a microchip facility in Spain, according to Reuters, citing a report by Europa Press. The investment, originally announced in 2023, aimed to support Spain’s goal of building large-scale back-end semiconductor facilities “unique in Europe.” But sources told Europa Press that talks with the Spanish government… Source
Two years after the hype announcement that Broadcom, the US company that manufactures microchips, was going to install a factory in Spain, the company has announced that it will not be possible. The disappointment was to wait for the delay in establishing the headquarters, a greater and necessary financing, due to the obstacles of the Community legislation and, of course, due to the nationalist drift of the US president, Donald Trump, regarding …
Broadcom, the US company of foundry and semiconductor development, will cancel its plans to install a semiconductor packaging factory in Spain, after negotiations between the company and the government failed, according to a report from Europa Press. The project had been announced in July 2023, with an investment of $1 billion (approximately 850 million euros), and intended to establish the only large-scale “back-end” semiconductor plant in Euro…
Broadcom's plant investment in Spain reportedly canceled, dealing blow to Southern Europe's chip ambitions
Broadcom has reportedly scrapped its plan to invest US$1 billion in an assembly, test, and packaging (ATP) facility in Spain. Reuters and Europa Press cited insiders saying that Broadcom and the Spanish government failed to reach an agreement on investment details, though neither side disclosed specific reasons.
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