Broadcom HQ. Credit: JHVEPhoto, Shutterstock
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 had broken down, with no official explanation provided for the failure of negotiations.
Stalled discussions reportedly dragged through 2024, and Donald Trump’s return to the US presidency appears to have played a role in derailing the plan, according to a TrendForce report.
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If confirmed, Broadcom’s withdrawal will be a major blow to Spain’s semiconductor strategy. The Spanish government had described the project as a cornerstone in its broader €12 billion chip industry investment plan.
With global chip competition heating up, can Spain still attract the tech giants it needs to realise its ambitions?
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