Leonardo DiCaprio attends the premiere of the film “As soon as Upon A Time In Hollywood” throughout the 72nd Cannes Movie Pageant.
Credit score: Shutterstock, Andrea Raffin
Leonardo DiCaprio is investing closely in Spain’s tech future because the European Fee approves an €81 million grant for his diamond-making manufacturing unit in Spain.
Star-backed manufacturing unit in Spain lands €81m enhance.
Hollywood star Leonardo DiCaprio is sharpening up Spain’s tech future because the European Fee provides the inexperienced mild to an €81 million grant for his diamond-making enterprise in rural Extremadura.
The Wolf of Wall Avenue actor has extra just lately landed a starring position in Diamond Foundry Europe, a cutting-edge firm set to supply artificial diamonds within the sleepy Spanish city of Trujillo (inhabitants: 8,605). DiCaprio personally poured $6.54 million into the agency, alongside different heavyweight buyers together with Huge Ventures, Constancy, and tech mogul Mark Pincus, former CEO of Zynga.
Bling bling for semiconductors
These aren’t your common rocks for popping the query – the manufacturing unit will churn out wafer-thin artificial diamonds designed for the semiconductor business. Seen as the proper various to silicon, the techy ‘bling bling’ is essential for power-hungry 5G networks and electrical autos round Spain and the remainder of Europe.
The state-of-the-art plant comes with a hefty price ticket although, with complete funding hovering to a cool €675 million. Nevertheless it’s not nearly sparkle – the manufacturing unit guarantees to ‘shine vivid’ like a inexperienced diamond. Set to be carbon impartial, it is going to run on 100% renewable vitality sourced from its very personal photo voltaic plant.
Jobs galore in Extremadura
Trujillo’s job-seekers could have one thing to cheer about, with the undertaking anticipated to create round 300 jobs, each immediately and not directly. That’s extra jobs than you’d discover on a DiCaprio movie set.
Coming quickly to a manufacturing unit close to you
Building is already in full swing, with the works anticipated to wrap up this spring. If all goes to plan, the manufacturing line will begin exams in autumn, and by mid-2025, the manufacturing unit will probably be firing on all cylinders. Who is aware of? DiCaprio may even pay us a go to right here in Spain for an inspection.
EU money controversy
The €81 million EU-backed grant is seen as a glittering endorsement of the undertaking, however some critics have raised eyebrows over Spain’s authorities injecting billions into different ventures, together with a brand new public housing agency. However EU conspiracy theories apart, DiCaprio’s diamonds are set to place Trujillo firmly on the map.
Spain’s message to the world? It’s not simply bullfighting and seashores – it’s high-tech diamonds too.
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