Response to Vishay's announcement on Newport's Wafer Fab
Responding to the Vishay announcement, Welsh Economy Minister Vaughan Gething said:
“We welcome the announcement that Vishay is investing in the thriving semiconductor cluster in Newport. This is a great example of a Welsh economic strength with truly global reach attracting major global investment.
“Global demand for semiconductors is set to explode in the coming years and Newport is perfectly placed to turn that growth into more long term, quality careers. The committed, skilled workforce which Wales already boasts, with strong buy in from academic, business, local and Welsh Government partners, makes this a great, ambitious place to invest.
“We are pleased to see Vishay’s intention to grow the workforce and further invest significant amounts in the Newport facility.
“This should end a period of uncertainty and we look forward to seeing the UK Government commit to support the Newport site in line with the UK Semiconductor Strategy.
“The Welsh Government has invested in and championed the industry for many years and we welcome Vishay’s intention to work in partnership with us and the cluster members. I intend to meet the company today to discuss its plans.
“I confirmed yesterday that we are prepared to work with the UK Government to establish an Investment Zone in South East Wales that can provide further support for this key growth area.”