Response to Nexperia announcement
Responding to the Nexperia announcement, Welsh Economy Minister Vaughan Gething said:
"Today’s announcement from Nexperia is extremely worrying and will come as a body blow to its talented workforce in Newport.
“The Welsh Government is ambitious for the compound semi conductor industry in south Wales. We will continue developing it further with major companies who are investing in the cluster. Our aim is keep doing so alongside a UK Government that acts like a genuine partner.
“However, we have consistently warned that delays and indecision from the UK Government over the potential sale of Newport Wafer Fab have consequences. The recent lacklustre UK Semiconductor Strategy fell short of the ambition we should be setting for the sector and unhelpful comments from a UK minister regarding the cluster in South Wales did nothing to restore the confidence we need.
“Once again, we reiterate our calls for the UK Government to treat the sale of Newport Wafer Fab as a critical priority for a sector that is - and will continue to be - a great success story for the Welsh and wider UK economy.
“It is critical that any new owner of the business has the means and intention to invest in the site as soon as possible. Meanwhile, the Welsh Government will provide assistance and support for all employees affected by today’s announcement.”