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Spanish government green lights Telefónica-led Gigafactory bid

Summary by TelcoTitans.com
Spanish government gives the go-ahead for public-private venture that will lead European AI Gigafactory project. Private shareholders include Telefónica, ACS, and Santander.
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With the aim of promoting the development of an advanced gigafactory of artificial intelligence in Spain, the Council of Ministers has authorized an investment of 719 million euros from the Ministry for Digital Transformation and the Public Service, through the Spanish Society for Technological Transformation (SETT). The initiative will be articulated through a public-private consortium that will attend the next call of the European Commission t…

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TelcoTitans.com broke the news on Wednesday, June 17, 2026.
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