Spain to Spend 11 Billion Euros on Semi Conductor, Micro Chip Industry, PM Says

Spanish Prime Minister Pedro Sanchez speaks during a session at Parliament in Madrid, Spain, on March 30, 2022. Susana Vera/Reuters

MADRID—Spain will spend 11 billion euros on a plan to boost the semi conductor and micro chip industry, Prime Minister Pedro Sanchez said on Monday.

The new spending plan, mainly financed through European Union pandemic relief funds, will be approved “soon,” he said.