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.