Semiconductors: Manufacturing Industries
The question
To ask the Secretary of State for Science, Innovation and Technology, what steps his Department is taking to help increase levels of innovation in the semiconductor industry in south Wales.
Answered by Feryal Clark
The Department for Science, Innovation and Technology is actively driving innovation in South Wales' semiconductor industry through strategic investments, collaborative research funding, and robust international partnerships. Recent initiatives include Vishay Intertechnology’s £250 million investment in Newport, supported by the government's Automotive Transformation Fund, creating over 500 high-skilled jobs focused on advanced semiconductors critical to electric vehicle production. Additionally, UK businesses, including those in South Wales, can now participate in the EU Chips Joint Undertaking, gaining access to €1.3 billion of collaborative R&D funding. Other UK wide schemes, such as the government backed ChipStart scheme also offer extensive opportunities for start-ups, further boosting innovation in the semiconductor sector. This government remains firmly committed to working closely with the Welsh Government and industry partners, ensuring investments deliver sustained growth and strengthen economic resilience across South Wales and beyond.
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