# 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.

- Type: Investment
- Announced: 2017-09-11
- Where: Newport, Wales, United Kingdom
- Value: $50.0M (37.9M GBP)
- Jobs: 2,000
- Status: announced
- Products: compound semiconductors
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Cardiff Capital Region](https://endata.com/companies/24106.md) (investor)
- [IQE](https://endata.com/companies/26834.md) (partner)

## Sources

- [gov.uk](https://www.gov.uk/government/news/historic-signing-seals-worlds-first-compound-semiconductor-cluster-in-wales), 2017-09-10: "An historic signing ceremony took place today to ratify the development of a compound semiconductor industry cluster in South-East Wales"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.