The UK government has made the investment in the hopes of turbocharging the manufacturing industry in Wales, which has faced serious headwinds following steelworks closures
The UK government has pledged £250M to bolster Wales’ semiconductor manufacturing capabilities, a move that will significantly contribute to the development of electric vehicle (EV) technology and strengthen the country’s position in global advanced manufacturing.
The investment, led by Vishay Intertechnology, one of the world’s largest semiconductor manufacturers, is poised to transform the semiconductor landscape in South Wales, particularly in Newport, where the UK’s largest semiconductor facility is located.