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Home / News / Production of solar energy and semiconductors will receive investment of R$ 1 billion in 2024

Production of solar energy and semiconductors will receive investment of R$ 1 billion in 2024

Resources will be made available by the Federal Government through Novo Padis, guaranteed Geraldo Alckmin
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  • Photo by Henrique Hein Henrique Hein
  • October 3, 2023, at 17:34 PM
1 min 29 sec read
Production of solar energy and semiconductors will receive investment of R$ 1 billion in 2024
Photo: Freepik

More than R $ 1 billion will be released by Federal government No. next year for solar energy production and semiconductors, assured Geraldo Alckmin, vice-president of the Republic and minister of Development, Industry, Commerce and Services. 

The information was released by the head of the Department, this Tuesday (03), at the opening of the 15th Congress of Micro, Small and Medium Industry, held at the headquarters of fiesp (Federation of Industries of the State of São Paulo). 

Os resources will be released under the New Padis (Support Program for the Technological Development of the Semiconductor Industry), which deals with tax incentives for the electronic components and semiconductor industries and on the protection of intellectual property for integrated circuit topographies.

“We included it in the New Padis, which will invest R$1 billion next year in reducing the tax burden for the semiconductor and solar energy areas. So, the government is making R$1 billion available to help the semiconductor and solar energy chain,” said Alckmin. 

New Padis

Published on March 28, 2023, Decree No. 11.456 brings updates and expansions to PADIS, which offers reductions in rates of: Import Tax, IPI and PIS-COFINS, in addition to other benefits for the production of chips and semiconductors . In 2023, the amount of the incentive will exceed R$600 million.

According to the Federal Government, the program plays a crucial role in the manufacture of various electronic devices, such as smartphones, computers, televisions and industrial automation systems. With the New Padis, the Union hopes that the semiconductor industry will generate economic benefits and new technologies for Brazil.

solar energy FIESP Geraldo Alckmin Federal government new padis semiconductors
Photo by Henrique Hein
Henrique Hein
He worked at Correio Popular and Rádio Trianon. He has experience in podcast production, radio programs, interviews and reporting. Has been following the solar sector since 2020.
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