<p>-
- Broadcom scraps microchip plant investment in Spain, report says</p>
<p>July 14, 2025 at 2:03 AM</p>
<p>MADRID (Reuters) -U.S. chipmaker Broadcom has pulled out of plans to invest in a microchip plant in Spain as talks with the government have broken down, news agency Europa Press reported on Sunday citing unidentified sources.</p>
<p>Spain's Digital Transformation Ministry and Broadcom did not immediately respond to requests for comment.</p>
<p>The Europa Press report did not say why the talks had broken down.</p>
<p>The decision will be a blow for Spain's ambition to become a relevant player in the microchip industry in Europe. The government has previously said it would allocate some 12 billion euros ($14 billion) for the semiconductor and microchip industry, using some of the European Union's pandemic relief funds.</p>
<p>Broadcom announced the investment two years ago but did not say how much it would invest. The government said at the time the project could be worth $1 billion and include the construction of "large-scale back-end semiconductors facilities unique in Europe".</p>
<p>($1 = 0.8559 euros)</p>
<p>(Reporting by Pietro Lombardi, edititng by Andrei Khalip and Jane Merriman)</p>
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