The ‘digital SEPI’ broadcasts its first entry into the capital of a know-how firm | Companies | EUROtoday

The Minister for Digital Transformation and the Public Service, Óscar López, has introduced within the Canary Islands the entry of the Spanish Society for Technological Transformation (SETT), popularly often known as SEPI Digitalwithin the Canary Islands semiconductor applied sciences firm Woooptix, with an preliminary public co-investment of 4 million euros. This is the primary injection of funds into the capital of a know-how agency made by the general public firm since its creation final July.

López made the announcement from the services of the corporate itself, which emerged as spin-off (subsidiary firm) of the University of La Laguna within the Canary Islands, and which is established as “a pioneer and unique company in Spain in semiconductor metrology”, a vital approach for controlling the manufacturing means of silicon wafers that’s more and more They home smaller chips and require extra environment friendly measurement methods. “The Government intends to achieve a global competitive advantage with this investment in Woooptix, which has patented its own unique wafer measurement and processing system, essential for the optimization of semiconductor manufacturing processes,” the Ministry reported.

Factories that use Woooptix know-how are able to measuring wafers by buying greater than 16 million information factors with sub-nanometer top decision, permitting the topography of the wafers to be calibrated extra precisely and quicker than the competitors. silicon wafers, important for chip manufacturing.

This funding has lately been authorized by the Governing Council of SETT, a public enterprise entity hooked up to the Ministry for Digital Transformation and Public Service. SETT will co-invest greater than 4 million euros within the firm, accompanied by different strategic worldwide gamers that can improve the capital influx into the corporate to greater than 10 million euros.

The minister has celebrated the “success story” that Woooptix represents: “From the increased commitment to research and its transfer of knowledge from the University to the company, through the strategy of reindustrializing Spain towards technology, to the structuring of the Government’s investments aimed at the economic sectors of the future.”

Along these lines, Óscar López has highlighted that “this project offers the possibility of incorporating important industrial capabilities for the different Spanish semiconductor ecosystems. And it is especially important for the Canary Islands, increasing the technological fabric of the area and generating employment on the islands in a leading sector with high added value.”

The SETT was created by agreement of the Council of Ministers on July 16, it has a distinct public legal personality, its own assets and treasury, and management and functional autonomy. Its first function is to promote and execute financing and investment in strategic sectors linked to digital transformation, telecommunications, microelectronics, semiconductors, new digital technologies and the audiovisual sector.

Public society has two means of financial execution, either through loans and subsidies to existing companies and entities that promote or finance developments in these technological fields; either through direct investments or through investment vehicles in newly created companies and entities aimed at developing digital infrastructure and capabilities, and the value chain of microelectronics, semiconductors and their related technologies. The SETT is also in charge of executing the Strategic Project for the Recovery and Economic Transformation of Microelectronics and Semiconductors (PERTE Chip), the Next Tech Fund and the Spain Audiovisual Hub Fund, being able to carry out operations and support actions. Altogether, it will manage nearly 20,000 million euros.

Other public investments in the Canary Islands

The minister has also claimed the important public investments of the Government of Spain so that the Canary Islands have the most avant-garde connectivity capabilities in this new digital era. He did so during his visit to the Institute of Astrophysics of the Canary Islands, one of the leading research and astrophysics centers on a global level, whose Roque de los Muchachos and Teide Observatories are in the top 3 in the world.

Among the different actions of the Government in this matter, it has referred to the investment of 23.5 million euros to install a high-performance optical network that guarantees the technological redundancy that these observatories require. This new optical network has been financed with Next Generation EU funds and has been destined for the installation of powerful submarine cables as well as terrestrial cables to facilitate high-performance connectivity permanently and autonomously to these observatories.

Óscar López celebrated that “with these data highways we’re going to obtain a better high quality of commentary of the skies, and we’re going to consolidate the Canary Islands as an incredible worldwide pole for attracting new tasks and jobs associated to astrophysics.”