- Sparc will cover part of Europe’s semiconductor production deficit, and will contribute to the European Chips Act’s goal of reaching a 20% production quota by 2030
- The contribution of SETT will have a great impact on talent retention, the cutting-edge use of advanced technology and the development of the SME fabric in Spain
Vigo, July 7, 2025.- The Spanish Society for Technological Transformation, Public Business Entity, SETT attached to the Ministry for Digital Transformation and Public Function, has today formalized the public investment of 17.2 million euros in the Spanish company of photonics Sparc announced last June after being approved by the Council of Ministers.
With this economic injection, the technological ecosystem of semiconductors in Spain is strengthened, since the company will launch a plant in Vigo (Pontevedra) dedicated to the manufacture of photonic integrated circuits and wafers of Fosfuro de Indio (InP), Arseniuro de Galio (GaAs) and Nitruro de Galio (GaN). So, Sparc will cover part of the production deficit of semiconductors in Europe, and will contribute to the European Chips Act’s goal of reaching a production quota of 20% by 2030.
The operation contributes to the strategic autonomy of the country and represents a commitment to innovation to meet needs in constantly evolving sectors such as automotive, security, communications, quantum computing, consumer electronics or medicine.
The signing of the agreement took place between SPARC Foundry and its main investors, Indra Group, SETT and Vigo Activa, at the facilities of the Zona Franca de Vigo Consortium. It was attended by Abel Caballero, mayor of Vigo; Javier Ponce, general director of the Spanish Society for Technological Transformation (SETT); Héctor Álvarez, director in Strategy of Indra Group; David Regades, delegate of Zona Franca de Vigo; and Francisco Díaz-Otero, CEO of SPARC.
“The SETT uses financial instruments to meet the new realities of the technological economic sector and economic sectors demanding digital technologies, relying on the public-private partnership model. With SETT, the Spanish Government wants to lead the digital revolution, a historical transformation for the evolution of Spain’s economic model. This signature is yet another example of how we are moving forward on this goal. Today we are launching a future public-private production capacity for highly flexible semiconductors”, said Javier Ponce, General Director of SETT.
The SETT’s contribution of 17.2 million euros, which represents a 43.9% increase in the company’s capital, will have a great impact on talent retention, cutting-edge use of advanced technology and development of the SME fabric in Spain.
The operation is carried out with the co-investment model of the Spanish Society for Technological Transformation, betting on public-private collaboration in strategic sectors such as this. SETT’s investment is part of the PERTE Chip, which aims to strengthen the design and production capabilities of the microelectronics and semiconductor industry in Spain. The execution of the PERTE Chip fund, foreseen by the Recovery, Transformation and Resilience Plan, is among the functions of the SETT, which, in addition, manages two more financial instruments to enhance the technological business ecosystem: Next Tech, dedicated to disruptive technologies, and Spain Audiovisual Hub, which drives the digitization of the audiovisual sector.