Through an investment of around €5 million, financed through the Recovery and Resilience Plan (PRR – the so-called EU bazooka funds for post pandemic economic recovery) under the Microelectronics Agenda, HFA – Henrique, Fernando & Alves SA, an electronics specialist, has bought “highly specialised production equipment in the microelectronics area in recent months and is producing a component to increase the Internet speed of American homes and businesses”, reads the statement.
This is the XFP-SFP, a fibre optic component “that is placed in home and business routers, multiplying the broadband width by five and thus increasing Internet speed”.
Thus, “using part of the investment from the PRR, achieved through Agenda Microeletrónica, HFA produces this technology in Águeda”, and the destination of the product “developed by PICadvanced S.A., another Agenda partner, is the American telecommunications multinational Verizon”.