The first Governing Council of the Spanish Society for Technological Transformation (SETT) has held its constitutive meeting, marking the formal start of its activities. In this meeting, the push for two important projects aimed at the design and manufacturing of semiconductors, which will mobilize around 800 million euros, has been approved.
Leadership Appointment and New Projects
The Governing Council has appointed Javier Ponce as the general director of SETT and Jaime Martorell as vice president. Ponce, with a solid career at the Center for Industrial Technological Development (CDTI) and the Higher Council for Scientific Research (CSIC), will lead the new entity. Martorell, until now the sole administrator of Semys and responsible for the Perte Chip, will bring his experience in the sector.
During the meeting, the Council approved the financing of two key projects in the field of microelectronics, with a public investment close to 400 million euros. It is expected that these projects will generate a total impact of 800 million euros. These investments are part of the first public-private co-investments funded with funds from the Annex to the Recovery, Transformation and Resilience Plan of the Perte Chip.
Objectives and Strategy of SETT
SETT, created to manage and coordinate public investments in technological innovation, aims to adapt administrative leadership to the pace of technological and economic advancement. This new public corporate entity is the first of its kind in two decades and aims to position Spain as a leader in global digital transformation.
The society will manage approximately 20 billion euros from three main funds of the Recovery Plan: the Perte Chip, the Next Tech Fund, and the Spain Plan, Audiovisual Hub of Europe. SETT will focus on generating synergies and implementing disruptive technologies through public-private collaboration, addressing challenges in strategic sectors.
Government Commitment and Future of SETT
María González Veracruz, Secretary of State for Telecommunications and Digital Infrastructure and President of the Governing Council, has emphasized the government’s commitment to the technological modernization of Spain. “We are leading from the public sector the generation of opportunities to position ourselves as leaders in key sectors such as microelectronics,” she stated.
González Veracruz also highlighted the first approved operations as examples of SETT’s ability to attract global investments and support technological development in different regions of the country. “We are acting as ambassadors to attract centers and investments of high global level,” she concluded.
With the creation of SETT, the Spanish government takes a decisive step towards digital transformation, combining financial and technical capabilities to boost the technological sector and strengthen the Spanish economy.