Government of Spain Compute ACS | Undisclosed Deal

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Government of Spain

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ACS

Deal Value

Undisclosed

Announced

Saturday, June 20, 2026

Deal Details

Spanish government, via SETT, commits €719 million to a public‑private consortium led by ACS and Telefónica to build a multi‑site AI compute gigafactory serving European industry and research.

A cloud computing partnership providing infrastructure and compute resources.

Related News

Spain invests €719m in AI compute gigafactory for Europe

On June 20, 2026, Spain’s secretary of state for digitalization and artificial intelligence announced around €700 million in public investment for a national AI gigafactory project at an EL PAÍS–Mutua Madrileña event in Madrid. The commitment builds on a June 16 Council of Ministers decision authorizing €719 million through the state tech vehicle SETT to co‑fund a multi‑site AI compute megacenter in Tarragona and Madrid.

Jun 20, 2026

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