\n Broadcom HQ. Credit: JHVEPhoto, Shutterstock <\/p>\n
US chipmaker Broadcom has abandoned its planned $1 billion (\u20ac910 million)<\/strong> investment in a microchip facility in Spain, according to Reuters, citing a report by Europa Press.<\/strong><\/p>\n The investment, originally announced in 2023, aimed to support Spain\u2019s goal of building large-scale back-end semiconductor facilities \u201cunique in Europe.\u201d But sources told Europa Press that talks with the Spanish government had broken down, with no official explanation provided for the failure of negotiations.<\/p>\n Stalled discussions reportedly dragged through 2024, and Donald Trump\u2019s return to the US presidency appears to have played a role in derailing the plan, according to a TrendForce report.<\/p>\n Most Read on Euro Weekly News<\/p>\n If confirmed, Broadcom\u2019s withdrawal will be a major blow to Spain\u2019s semiconductor strategy. The Spanish government had described the project as a cornerstone in its broader \u20ac12 billion chip industry investment plan.<\/p>\n With global chip competition heating up, can Spain still attract the tech giants it needs to realise its ambitions?<\/p>\n View all finance news.<\/a><\/p>\n