Editor’s Note
This article details a significant joint investment by Diamond Foundry and SETT to build a semiconductor plant in Spain. It highlights a major capital commitment in the strategically important chip manufacturing sector.
Diamond Foundry, a US-based company specializing in lab-grown diamonds, and the Spanish company SETT have announced a joint investment of 2.35 billion euros to establish a semiconductor chip manufacturing facility in Trujillo, located in the province of Cáceres, Spain.
The factory will focus on the production of advanced chips, leveraging Diamond Foundry’s expertise in synthetic diamond technology. Diamonds are increasingly used in high-performance electronics and semiconductors due to their superior thermal conductivity and electrical insulation properties. The project is expected to create hundreds of high-skilled jobs in the region.
This investment is seen as a strategic move to bolster Europe’s semiconductor supply chain and reduce dependency on Asian manufacturers. The location in Extremadura, Spain, was chosen for its available space, potential for renewable energy integration, and supportive regional government policies.
Construction is slated to begin within the next 18 months, pending final regulatory approvals. The project has garnered significant attention as part of the broader EU Chips Act initiative, which aims to double the EU’s share of global semiconductor production to 20% by 2030.