April 2026
Announcements
FuriosaAI establishes operation in Portugal
April 2026
South Korean AI chip start-up FuriosaAI has established its European flagship office in Lisbon, positioning Portugal as the hub for its operations across Europe. The office will coordinate commercial and technical support and will develop R&D in compilers and chip and PCB design. Portugal was selected for its strong chip design ecosystem, skilled talent pool, presence of internationally recognized universities and research institutions, and data centre infrastructure powered by clean energy.
TAG Medical opens manufacturing plant in Portugal
April 2026
Medical devices company TAG Medical, based in Israel, announced the construction of a manufacturing plant in Portugal, aiming to create 80 skilled jobs. The new facility, already under construction in Guimarães, reinforces Portugal’s position as a competitive location for high-value, export-oriented industries. The investment reflects the country’s strong industrial ecosystem, access to engineering talent, and a growing cluster of technology-driven companies.
Schmitz Cargobull inaugurates Shared Services Centre in Portugal
March 2026
German trailer manufacturer Schmitz Cargobull has inaugurated a new Shared Services Centre in Santarém, consolidating key administrative functions across Europe, including finance, accounting, back office, after-sales, and customer service. The centre will employ a team of 80 professionals.
Expansions
Bosch creates new eBike R&D team in Braga
February 2026
Bosch launched a new eBike R&D team in Braga, set to exceed 50 employees by 2027, with active recruitment in software, AI, and engineering. The team will develop next generation eBike systems, focusing on advanced safety features, connectivity, and digital services, in close collaboration with Bosch teams in Ovar and Germany to deliver integrated, cutting-edge mobility solutions.
Frutorra inaugurates new factory
March 2026
Frutorra, a dried fruits and snacks company owned by Spanish Grefusa, has inaugurated a new €10 million factory in Condeixa-a-Nova, Coimbra. The facility will increase production capacity and features innovative, efficient and sustainable operations.
INDUSTRY HIGHLIGHT
Portugal publishes National Strategy for Data Centres
April 2026
The National Data Centres Plan aims to boost digital sovereignty and competitiveness by positioning Portugal as a leading data centre hub. It focuses on attracting investment through creating favourable conditions for investment and strong sustainability alignment. AICEP will play a central role in continuing to promote Portugal internationally, supporting investors and strategic projects to strengthen the country’s digital infrastructure.
Sucess stories
Porto at the core of Infineon’s global and digital strategies
March 2026
With more than 1,000 employees, Infineon’s Porto hub has become a key global platform supporting over 75 entities within the group. Originally launched in 2003 as a European centralized accounting centre, it now delivers integrated and digital services across a wide range of competences, such as Finance, HR, IT, Supply Chain, Sales, Marketing, Procurement, Communications and Legal digital transformation, evolving from a traditional shared services model into a digital business solutions hub. With a new facility and 150 planned hires in 2026, the hub is accelerating AI integration and reinforcing its role in the company’s global scalability and efficiency.
PRESS
Financial Times: Portugal welcomes start-ups seeking scale
April 2026
Portugal continues to grow its position as a leading European tech hub. The Unicorn Factory in Lisbon has attracted 17 international unicorns since its launch in 2022, drawn by the city’s quality of life and safety. The initiative has expanded significantly, attracting 300 new start-ups in 2025, up from 250 the previous year. Meanwhile, Porto is emerging as a dynamic innovation centre. With around 1,200 start-ups valued at nearly €9bn, the region benefits from strong university engagement and supportive incubators.
DID YOU KNOW?
Six Portuguese satellites launched to space
Portugal launched six new satellites to enable real-time maritime navigation services. Four of them form the Lusíada Constellation, while the remaining two integrate the broader Atlantic Constellation, supporting both civilian and military uses. Developed largely by Portuguese entities and launched via a SpaceX rocket, this system will provide ships with live data such as weather alerts, piracy risks, and emergency signals.
Volvo buses are now assembled in Portugal
UNVI’s facility in Porto will start production of the Volvo B13R UNVI XL luxury coach, increasing capacity and meeting strong demand in the UK and Irish markets. The chassis is built by Volvo Buses in Sweden and then assembled in Portugal.
What they say
Portugal has a world-renowned community in compilers, a consolidated ecosystem in chip design, data centres powered by clean energy, and a growing group of AI startups and solution integrators. It was the obvious location for FuriosaAI's flagship office in Europe. We are very proud to bring to Portugal a company that operates in such a critical area; worldwide, there are only half a dozen companies capable of developing this kind of technology.Nuno Lopes, Director, FuriosaAI Europe
