Latest news with #SpanishGovernment
Yahoo
2 days ago
- Business
- Yahoo
Broadcom Reportedly Cancels $1B Microchip Plant Investment in Spain Amidst Stalled Talks
Broadcom Inc. (NASDAQ:AVGO) is one of the best US stocks to buy according to Billionaires. On July 13, Broadcom reportedly canceled its plans to invest in a microchip plant in Spain, according to news agency Europa Press. The news comes after talks between Broadcom and the Spanish government broke down, although the specific reasons for the collapse were not immediately disclosed in the initial report. Neither Spain's Digital Transformation Ministry nor Broadcom has yet commented on the matter. Nonetheless, the withdrawal is a setback for Spain's ambition to become a major player in Europe's microchip industry. The Spanish government had previously committed to allocating ~$14 billion towards its Strategic Project for Economic Recovery and Transformation/PERTE Chip program to support the semiconductor and microchip industry using funds from the EU's pandemic relief. Close-up of Silicon Die are being Extracted from Semiconductor Wafer and Attached to Substrate by Pick and Place Machine. Computer Chip Manufacturing at Fab. Semiconductor Packaging Process. Broadcom initially announced its intention to invest in Spain 2 years prior, in mid-2023. While the company did not disclose the exact investment amount at the time, the Spanish government had indicated that the project could be worth ~$1 billion and involve the construction of large-scale back-end semiconductor facilities unique in Europe. While we acknowledge the potential of AVGO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Bloomberg
4 days ago
- Business
- Bloomberg
Spain Chided by EU for Hindering BBVA's €13 Billion Sabadell Bid
By and Jorge Zuloaga Save European Union watchdogs have fired off a legal warning to the Spanish government for hindering BBVA SA's €13 billion ($15.1 billion) bid for rival Banco Sabadell SA. The European Commission alleges that a series of onerous conditions imposed on the deal violate EU single market rules that allow freedom of movement of capital in the bloc unless there are exceptional circumstances.
Daily Mail
6 days ago
- Entertainment
- Daily Mail
Pictured: Dwarves, scantily-clad women and football superstars arrive at Lamine Yamal's 'exploitative' 18th birthday party - New images emerge as Spain's government demand investigation
New images of the people with Dwarfism and scantily-clad women paid to attend Yamal Lama's 18th birthday have surfaced as the Spanish government demands an investigation into the event. The Barcelona youngster has been widely criticised for the celebratory bash which allegedly 'exploited dwarves' and women with 'specific breast measurements paid to attend'. On Tuesday, new images of the individuals arriving at the private event were obtained and showed a group of five men with Achondroplasia as they appeared to be getting registered for the party. Another image shows a few women after passing through that checkpoint as they appear to be headed to the main venue. Elsewhere, in pictures that were taken later in the night, a multitude of guests can be seen arriving for the spectacle. The notable attendees include Barcelona striker Robert Lewandowski. It follows the claims of a model named Claudio Calvo that Yamal paid for 12 women with a 'certain breast size' to attend the bash and now the government are seeking a huge fine and probe into the mafia-themed bash following the outcry over paid attendees with Dwarfism. Attendees arrived in droves for the celebratory bash on a private estate that could be the subject of a government investigation Yamal had celebrated his birthday this weekend with around 200 people attending the event, including friends, family and team-mates. But after Association of People with Achondroplasia and Other Skeletal Dysplasias with Dwarfism (ADEE) threatened to take legal action, the Spanish government joined those condemning Yamal and demanded a probe into the party. According to Marca, Yamal could be hit with a fine of up to £867,000 and the General Director of Disability in the government, Jesús Martín, wants ministers to approve an investigation. He said: 'We are concerned that people with money, people with power, believe themselves to be unpunished. The law is for everyone, for the humble and for the powerful.' Martin also expressed his fear that this kind of party could impact impressionable young fans who look up to Yamal and copy his behaviour. The specifics around what exactly was asked of those with dwarfism in attendance remains murky but the group representing those with disabilities roundly condemned Yamal. 'The ADEE, a member organization of the Spanish Confederation of People with Physical and Organic Disabilities (COCEMFE), condemns and publicly denounces the hiring of people with dwarfism as part of the entertainment at the recent 18th birthday party of soccer player Lamine Yamal,' their statement read. 'The Association announces that it will take legal and social action to safeguard the dignity of people with disabilities, considering that these actions violate not only current legislation but also the fundamental ethical values of a society that seeks to be egalitarian and respectful.' In the face of the criticism, the Barcelona star has simply shared a one-minute clip to fans on social media of his party, writing 'Just 1 minute, enjoy it'. The clip revealed the party took place at a private estate and had a mafia style theme. Spanish model Claudio Calvo has claimed organisers had tried to hire 12 blonde women with specific breast sizes to attend the event Yamal had been dressed in a white suit with a red rose in his lapel, while his look included sunglasses and a cane. The teenager was also seen wearing a £300,000 necklace featuring his initials "LY', which had been gifted to him by Dominican rapper El Alfa. Despite being a private event, where guests were not permitted to take mobile phones and take photos, parts of the teenager's celebration have drawn criticism. Spanish model, Calvo, who was Miss Teenager Spain 2021 and Miss Teenager Europe 2022, claimed she was asked to attend the event. Speaking on Spanish television show Tardear TV, alleged that organisers were seeking to hire 12 blonde women with specific breast sizes to attend the celebration. She claimed the women would have been paid up to 20,000 euros, but would need to be available for 24 hours, with the location of the event not disclosed to them. Calvo claimed she had backed out of the event after receiving the list of demands 'I have screenshots of everything, the conversations, they told me that the fee would be a certain amount between 10,000 and 20,000 euros,' Calvo told Tardear TV. 'But the truth is that you don't really know what you're getting into, because they don't tell you what they really expect from you beyond "having a good time" at the party. 'They asked for blonde girls with a certain breast size,' Calvo claimed, adding organisers were looking for 'models or escorts'. Yamal's private party was attended by friends and Barcelona team-mates and reportedly had a mafia theme Images have also reportedly emerged of the people with dwarfism entering the venue, where the party was held. A number of pictures from the event have since been shared on social media, showing Yamal alongside some of his Barcelona team-mates, namely Gavi and Alejandro Balde. In one clip the pair can be seen singing together on stage. Reports from Spain claim that Yamal had earlier enjoyed a meal with close friends and family at the La Cupula restaurant south of the Catalan capital. There were plenty of glamourous women in attendance at the 18-year-old's bash Yamal's father shared a number of images from a separate get together with his 1.2million followers on Instagram. The Association of People with Achondroplasia and Other Skeletal Dysplasias with Dwarfism (ADEE) threatened to take legal action against the Barcelona star. ADEE president Carolina Puente added 'It's unacceptable that in the 21st century, people with dwarfism continue to be used as entertainment at private parties, and even more serious when these incidents involve public figures like Lamine Yamal. 'The dignity and rights of our community are not entertainment for anyone, under any circumstances. 'Shows or recreational activities in which people with disabilities or other circumstances are used to provoke mockery, ridicule, or derision from the public in a manner contrary to the respect due to human dignity are prohibited. 'When a person with social influence participates in these types of situations, the damage is even greater, because it conveys to society—especially to young people—that discrimination is acceptable. 'We must eradicate the objectification of difference and educate people in respect and equity. 'We will not remain silent. We will defend the dignity and rights of our community in all areas, and we will demand accountability so that acts like these never happen again.'
Business Insider
6 days ago
- Business
- Business Insider
Broadcom Stock (AVGO) Drops as it Says Adios to ‘Unique' $1B Spanish Chip Plant
Shares in U.S. chipmaker Broadcom (AVGO) dropped today as it scrapped plans to invest in a $1 billion plant in Spain. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Talks Crumble According to a Reuters report, talks between the Spanish Digital Transformation Ministry and Broadcom over the deal have broken down. The deal was first announced in 2023 when Broadcom said it was taking advantage of the PERTE Chip program launched by the Spanish Government. It aimed to strengthen the production capacities of the Spanish industry of microelectronics and semiconductors. Broadcom did not say at the time how much it was looking to invest, but the government said the project could be worth $1 billion. It had hoped to create 'large-scale back-end semiconductor facilities unique in Europe.'Broadcom was also likely to boost its European business which currently, in revenue terms, trails other areas of the world. Trump Obstacle According to local press in Spain, the breakdown has been caused by the 'inaction' of the government as well as concerns, from Broadcom's side, around President Trump's opposition to U.S. semiconductor companies investing abroad. Indeed, it went further, claiming that Trump has obstructed the Broadcom investment in Spain as well as 'another joint-venture with another American company, which was also going to make chips in Spain.' Further complicating the issue is the threat from Trump to impose huge 30% tariffs on imports from the European Union from 1 August. This could lead to a sharp reduction in trade between the US and EU and a deterioration in relationships. Another issue Broadcom could be wrestling with is the increasingly forceful manner in which the EU is treating U.S. tech through the Digital Markets Act and the AI Act. Neither Broadcom nor the Spanish government has made any comments on the future of the factory. Is AVGO a Good Stock to Buy Now? On TipRanks, AVGO has a Strong Buy consensus based on 28 Buy and 2 Hold ratings. Its highest price target is $400. AVGO stock's consensus price target is $299.23 implying a 9.06% upside.
Yahoo
14-07-2025
- Entertainment
- Yahoo
Spanish Government open investigation into Lamine Yamal's 18th birthday party
Barcelona and Spain star Lamine Yamal is facing potential legal trouble, beyond enormous reputational damage, following the events of his 18th birthday party. The teenage forward turned 18 over the weekend, and held a 250-person celebration on Saturday night in a seaside town down the coast from Barcelona. The celebrations took place on Saturday night, the day before Barcelona's players were due back at the training ground for preseason tests. Much of the squad reportedly left the events early, but the celebrity-filled event is facing major scrutiny. The Association of Achondroplasia and Other Skeletal Dysplasias with Dwarfism (ADEE) have announced that they will be taking legal action against Lamine Yamal after people with dwarfism were reportedly hired as entertainment for the event, which is illegal in Spain. Lamine Yamal published a video from the event on his social media on Monday afternoon. Spanish Government request investigation into party Now the Spanish Government have requested an investigation into event from the public prosecutor, following the ADEE announcement. As per Marca, the Ministry of Social Rights has communicated the request to the Office for the Struggle against Hate Crimes too, with the investigation to determine whether Lamine Yamal committed an infraction against the disability law, which prohibits the denigration or mockery of differently abled people for entertainment. Image via IG / Peter Dinklage Advertisement The Director General of Disability Jesus Martin has explained that they have requested clarification of whether people with dwarfism were denigrated. Serious infractions have been punished with fines between €600k and €1m. Lamine Yamal's message to Peter Dinklage It has not gone unnoticed that on Saturday night Lamine Yamal also told actor Peter Dinklage to check his private messages via a comment on Instagram too. Dinklage, 56, is one of the most famous examples of someone with dwarfism, having played a starring role in global franchise Game of Thrones, amid a storied acting career. Barcelona are yet to comment on the incident, and Lamine Yamal returned to training on Sunday. However he could be facing serious legal trouble if indeed he is guilty of what the ADEE have accused him of.
