BNDES Provides Nearly R$ 100 Million Investment to Gaucho Chip Maker HT Micron for Technology Investments

Written by Roberta Souza

Published on 29/03/2023 at 08:43

BNDES (foto/ivulgação)

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The Desire of the Federal Government, Realized Through the BNDES with This Initiative, Is to Expand the Brazilian Technological Park in Cooperation with the Private Initiative

The BNDES (National Bank for Economic and Social Development) announced an investment of R$ 99 million for HT Micron, a chip manufacturer from Rio Grande do Sul, located in the city of São Leopoldo. According to the federal government, the goal is to promote innovation in the technology sector in partnership with the private initiative.

The amount will be used by HT Micron to promote innovation in the manufacturing process of chips present in devices such as smartphones and tablets.

Investment from the BNDES Will Be Applied by HT Micron for the Replacement of the Current Line

The company from Rio Grande do Sul aims to gradually replace its currently used chip line. The eMCPs (Embedded Multi Chip Package) will be replaced by uMCPs (Universal Flash Storage Multi Chip). The new model is expected to take up less space in the devices where it will be used. Thus, they promise to increase the data transfer speed to adapt to the requirements of 5G technology.

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HT Micron Promises Technology Exchange to Strengthen Brazilian Production

Currently, Brazil has only 11 semiconductor factories and aims to expand its technology park with international support and partnerships with private companies. Therefore, the BNDES decided to invest in HT Micron. The choice of the company was due to the fact that HT Micron is a result of a partnership with South Korea, established in 2019. It provides memories and integrated circuits responsible for equipping technology devices such as computers, tablets, and smartphones.

The federal government expects Brazil to start manufacturing some essential components for the automotive industry, such as chips up to 14 nanometers, within 15 years. Investment in technology for the automotive industry is necessary, as it has been suffering from a shortage of parts since the Covid-19 pandemic, and some experts believe that this crisis in the sector will last until 2024. For this reason, the BNDES investment becomes crucial.

BNDES Provides Nearly R$ 100 Million Investment to Gaucho Chip Maker HT Micron for Technology Investments

The Desire of the Federal Government, Realized Through the BNDES with This Initiative, Is to Expand the Brazilian Technological Park in Cooperation with the Private Initiative

Investment from the BNDES Will Be Applied by HT Micron for the Replacement of the Current Line

HT Micron Promises Technology Exchange to Strengthen Brazilian Production

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BNDES Provides Nearly R$ 100 Million Investment to Gaucho Chip Maker HT Micron for Technology Investments

The Desire of the Federal Government, Realized Through the BNDES with This Initiative, Is to Expand the Brazilian Technological Park in Cooperation with the Private Initiative

Investment from the BNDES Will Be Applied by HT Micron for the Replacement of the Current Line

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