The President of the Government of Spain and the CEO of Samsung Electronics highlight the investment opportunities offered by Spain

Moncloa Palace, Madrid

During the meeting, they discussed the investment opportunities offered by Spain in the field of digitalisation and the development of semiconductors, within the framework of the Recovery, Transformation and Resilience Plan.

The Recovery Plan earmarks some 20 billion euros for digital transformation, with over 3.5 billion euros earmarked for strengthening the population's technological training, another 3.5 billion euros for modernising SMEs and 3 billion euros for digitalising public administrations.

Spain aspires to lead in areas like cybersecurity, 6G, artificial intelligence and cloud computing, in addition to accelerating the deployment of 5G. At the meeting, the Samsung Electronics executive explained the company's plans in Spain. In addition, the ambitious strategy designed by the government to make Spain a key player in the medium term in the development of semiconductors, as part of the European objective of manufacturing 20% of the global production of these components in the EU, has been emphasised.

The Strategic Project for Economic Recovery and Transformation (PERTE) in the microelectronics and semiconductor sectors will be the one that receives the most public resources, with over 12 billion euros, which increases Spain's attractiveness as an investment destination.

Non official translation