Key Points
MADRID, July 7 (Reuters) - U.S. chipmaker Broadcom (AVGO.O) will invest in a European Union-funded programme to develop a semiconductor industry in Spain, Chief Executive Charlie Kawwas said late on Thursday...
"Excited to announce our decision to invest in Spain's semiconductor ecosystem under their semiconductor support program," Kawwas said on his Twitter account...
The project in which Broadcom would be involved could be worth $1 billion, the Spanish economy ministry said in an emailed statement..
The Spanish government has said it would allocate as much as 12 billion euros ($13 billion) from the European Union's pandemic relief funds it is set to receive to subsidise the development of the semiconductor industry...
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