Broadcom Scraps $1bn Chip Plant In Spain

US chipmaker Broadcom has abandoned its planned $1 cardinal (€910 million) finance successful a microchip installation successful Spain, according to Reuters, citing a study by Europa Press.

The investment, primitively announced successful 2023, aimed to support Spain’s extremity of building large-scale back-end semiconductor accommodation “unique successful Europe.” But sources told Europa Press that talks pinch nan Spanish authorities had surgery down, pinch nary charismatic mentation provided for nan nonaccomplishment of negotiations.

Stalled discussions reportedly dragged done 2024, and Donald Trump’s return to nan US presidency appears to person played a domiciled successful derailing nan plan, according to a TrendForce report.

If confirmed, Broadcom’s withdrawal will beryllium a awesome rustle to Spain’s semiconductor strategy. The Spanish authorities had described nan task arsenic a cornerstone successful its broader €12 cardinal spot manufacture finance plan.

With world spot title heating up, tin Spain still pull nan tech giants it needs to realise its ambitions?

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