MADRID, 10 Nov. (EUROPA PRESS) -

The CEO of Cisco, Chuck Robbins, announced this Thursday the opening of a microchip design center in Barcelona after meeting with the President of the Government, Pedro Sánchez, at the Palacio de la Moncloa.

This is the first installation of this type that the multinational will locate in Europe and comes after two previous meetings between the manager and Sánchez: at the Davos forum last May and in July 2001, according to a statement.

The initiative is part of the Perte Chip promoted by the Government and has a budget of more than 12,000 million euros, which makes it the strategic project with the largest endowment.

"Spain is becoming a key player in achieving the EU's goal of reaching 20% ​​of the world chip market by 2030. We have approved the Perte for microchips and we have the roadmap, the reforms and the incentives to attract talent and consolidate the current Spanish ecosystem", Sánchez highlighted.

The new Cisco project will be located in the innovation center that the technology company already has in Barcelona and represents a "reaffirmation" of the technology company's commitment to the digitization ecosystem of Spain and Europe, according to Robbins.

The company has highlighted the complexity of the microchip supply chain and the need to take an "active role" in decongesting it.

In addition to Cisco, Intel has also committed to opening an innovation laboratory in Barcelona with an investment of 200 million euros in alliance with the Barcelona Supercomputing Centre, to which they will add another 200 million public euros.