Vice President Geraldo Alckmin announces a robust government investment package to boost the digitalization and modernization of industry in Brazil, with a special focus on the semiconductor sector.
Brazilian industry is about to undergo a major transformation! Recently, Vice President and Minister of Industry and Commerce Geraldo Alckmin announced a robust government investment package to leverage the digitalization and modernization of industry in Brazil, with special emphasis on the semiconductor sector. The total resources added together amount to $ 186,6 billion, coming from both the public and private sectors.
This movement is part of the New Industry Brazil Program (NIB), which aims to strengthen the national economy through technological innovation and the creation of more robust production chains, especially in the semiconductor sector, a strategic sector for the country's digital future. Below, we will tell you all the details of this plan that promises to boost Brazilian industry!
Massive investment in the semiconductor sector
Brazil no longer wants to be left behind in global technology race, and the semiconductor sector is the central point of this transformation. The semiconductors are fundamental components in the manufacture of various electronic devices, such as smartphones, computers, solar panels and even electric cars. With the growing demand for these products worldwide, having a local semiconductor production chain is essential to ensure the competitiveness of Brazilian industry.
- A 4,5 km bridge will join two Brazilian cities after a 50-year wait, transforming infrastructure and bringing unprecedented economic development!
- 55.000 jobs to be created in new mining project in Brazil worth a whopping US$5 billion
- Dispute between the US and China reaches the pharmaceutical industry: global dispute could make drug prices skyrocket, doubling values in Brazil and impacting millions around the world!
- China's 10-ton military drone impresses with its ability to release swarms of drones into the air
During the ceremony at the Planalto Palace, Alckmin presented the government plan to allocate R$21 billion by 2026 to stimulate investments in research and innovation in the semiconductor and electronics chains. This investment will be crucial to place Brazil in a prominent position in the so-called Industry 4.0, which involves emerging and disruptive technologies.
Additionally, President Luiz Inácio Lula da Silva sanctioned a law that encourages the national production of semiconductors, creating even more conditions for Brazil to become a hub of innovation in the sector.
Learn about the government's goal with Mission 4 of the New Industry Brazil program
The government's goal with Mission 4 of the New Industry Brazil program is clear: digitally transform 50% of the country's industrial companies by 2033. The first intermediate goal is to digitize 25% of these companies by 2026. Today, only 18,9% of Brazilian industries are digitized, which demonstrates the urgency of investing in tecnologic innovation to keep up with global developments.
Among the first sectors to receive investments are chip manufacturing, fiber optics, industrial robots, data centers, cloud computing and electromobility. All of these areas are essential to ensuring that Brazil participates competitively in the digital revolution.
The government believes that with the right investments and incentives, domestic production of semiconductors and other emerging technologies could triple by 2033. This would mean more skilled jobs and a stronger, more independent national industry.
A little push from the private sector
In addition to public investments, the private sector is also embracing this initiative. Companies in the production sector have announced investments of R$85,7 billion for the coming years. With this, the total resources allocated to this industrial transformation reaches almost R$187 billion.This amount will be essential to modernize the industry and integrate new technologies into the Brazilian production process.
With the installation of new factories, development of advanced software and implementation of modern infrastructures, Brazil can finally take the necessary leap to compete with other countries in the field of technology.
The transformation of micro, small and medium-sized enterprises
The government has also not left aside micro, small and medium-sized companies.. The Brasil Mais Produtivo program, in partnership with Sebrae, Senai, BNDES, ABDI, Finep and Embrapii, received initial resources of R$560 million to implement digitalization and lean manufacturing actions.
This program is focused on increasing the productivity of these companies, which are the backbone of the Brazilian economy, using tools such as energy efficiency and industrial automation. Digitalization is no longer a luxury, but a necessity for any company that wants to survive in today's competitive environment.
With the support of the government and major institutions, these companies will have access to technologies and consultancies that will help them modernize their processes and become more competitive, both in the domestic and international markets.
Semiconductors, an opportunity for Brazil
The main focus of Mission 4 of the New Industry Brazil program is to ensure that the country becomes self-sufficient in the production of semiconductors. Currently, most of the chips used by Brazilian industry are imported, which creates a dependence on international suppliers. With increasing global demand, supply chains have been heavily impacted, causing delays in the production of several products.
By investing heavily in the national production of semiconductors, the government seeks to reduce this external dependence and ensure that Brazilian industry has access to critical components without facing the challenges imposed by global crises, such as the chip shortage that affected the world in 2021.