Madrid, January 15, 2025.- The Minister for Digital Transformation and Public Function, Óscar López, has highlighted the “third digital channel” that leads Spain in the face of “a complicated international environment, climate emergency, geopolitical tensions, commercial rivalries and a career in the development of disruptive technologies”. During his speech at the 15th edition of the Spain Investors Day forum, López explained that this third way involves implementing “a true technological humanism that combines democratic principles and ethical standards with powerful digital development”.
The minister emphasized that the message of the Spanish Government to international investors is that “technological humanism, added to economic security and responsible innovation is the formula for success”, and invited them to “incorporate themselves into Spain’s digital ambitions”, through “formulas of public-private collaboration”.
In this regard, López stressed that Spain is investing 40 billion euros in technologies such as Artificial Intelligence (AI), 5G, 6G, supercomputing and cybersecurity, with projects such as the national AI strategy (1.5 million euros) or the more than 12 billion that, through the Perte Chip, support the semiconductor and microelectronics industry. The minister explained that, to facilitate and speed up this investment “the Government has created the Spanish Society of Technological Transformation (SETT), which “with its budget of 16 billion euros is financing initiatives such as the Intel-BSC Lab, the Spain Audiovisual Hub or the first Cisco design center in the European Union”.
In addition, López added that “thanks to its specialization, SETT can serve as a ‘one-stop-shop’ for investors to analyze risks and trends before materializing investments in AI, robotics, quantum technology, audiovisual initiatives or chips.”
The minister has invited investors to consider the potential opportunities of a country with “a leader in renewable and affordable energy, extraordinary logistical capacity, high labour productivity, strong GDP growth, low inflation and advanced digital infrastructures.”