KDPOF proudly announced that the European Commission has granted access to the 8.1 billion European investment IPCEI for their projected packaging plant for optoelectronic devices in Spain. “The funding supports us in making our plans of manufacturing ICs in Europe come true in the near future,” stated Carlos Pardo, CEO and Co-founder of KDPOF. “European fabs only manufacture approximately 10 percent of semiconductors worldwide, making us dependent on Asia and the United States. We will pioneer the manufacturing of automotive optoelectronics in Spain in high volume, thus reducing this dependency.” Read more
Spain had approved the Strategic Projects for Economic Recovery and Transformation with an important invest in microchips and technology companies. It is essential because we have in Spain some companies that create technological and electronic components and equipment but depend on Asia for manufacturing since they don’t have the capacity to produce microchips on their own. The project PERTE will invest an important quantity of Euros to help these companies for manufacturing. As Carlos Pardo stated in the interview, it could get an important growth in these small companies and also attract private invest resulting in a general economic growth.