UK and Welsh governments invest £37.9 million in compound semiconductor foundry in Newport

The Cardiff Capital Region City Deal, Welsh and UK governments signed an agreement to contribute £37.9 million towards a compound semiconductor foundry in Newport, to be leased to IQE plc. The project aims to create up to 2,000 jobs and leverage £375 million in private investment.

“An historic signing ceremony took place today to ratify the development of a compound semiconductor industry cluster in South-East Wales”gov.uk

• 1 source
• gov.ukHistoric signing seals world's first compound semiconductor cluster in Wales - GOV.UKOffice of the Secretary of StateSep 10, 2017

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