U.S. chipmaker Broadcom (AVGO.O) will invest in a European Union-funded program to develop a semiconductor industry in Spain, Chief Executive Charlie Kawwas said late on Thursday. “Excited to announce our decision to invest in Spain’s semiconductor ecosystem under their semiconductor support program,” Kawwas said on his Twitter account. The project in which Broadcom would be involved could be worth $1 billion, the Spanish economy ministry said in an emailed statement. The ministry added that the program included building large-scale back-end semiconductor facilities unique in Europe but did not specify a location. The initiative is part of the EU’s efforts to … Continue reading Broadcom to Invest $1 Billion in Spanish Chipmaking as EU Seeks to Reduce Reliance on Asia