The chip crisis, which has been going on since the 2020s, changed the balance of the whole world and caused great effects in the markets. He has rolled up his sleeves to get rid of the crisis in Spain and open new business doors to his country!
"We want our country to be at the forefront of industrial and technological progress," Prime Minister Pedro Sanchez said on Monday, without providing much detail. He added that the project will be approved by the cabinet shortly.
Spain sees this as an opportunity to reduce its reliance on Tourism and reduce high unemployment rates. Due to the problems experienced in Ukraine, the increase in energy prices and transportation costs has further fueled the situation.
Chip production is very important especially for Europe, which is a huge market for automobile production. Chips account for 10% of the gross domestic product. Europe has the target of being a market that will feed one fifth of the world in chip production by 2030.
What do you think about this subject? Do you think this investment could be the salvation of Spain?