IQE to open compound semiconductor wafer foundry in Newport, Wales

IQE announced plans to open a new compound semiconductor wafer foundry at the former LG site in Newport, as part of the Cardiff Capital Region City Deal. The Welsh Government invested £12 million in the cluster, which could attract £375 million in private investment and create up to 2,000 jobs.

“Compound semiconductors are rapidly defining 21st century technologies and Wales is uniquely positioned to be centre stage of this global, high-tech industry sector.”southwalesargus.co.uk

• 1 source
• southwalesargus.co.ukTech giant IQE to open state-of-the-art semiconductor factory at Newport's former LG site | South Wales ArgusIan CraigSep 11, 2017

Summarized from public sources; check the original articles before acting on it.