# 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.

- Type: New facility
- Announced: 2017-09-11
- Where: Newport, Wales, United Kingdom
- Value: $15.5M (12.0M GBP)
- Jobs: 2,000
- Status: announced
- Products: compound semiconductor wafers
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [IQE](https://endata.com/companies/26834.md)

## Sources

- [southwalesargus.co.uk](https://www.southwalesargus.co.uk/news/15526791.tech-giant-iqe-to-open-state-of-the-art-semiconductor-factory-at-newports-former-lg-site/), 2017-09-11: "Compound semiconductors are rapidly defining 21st century technologies and Wales is uniquely positioned to be centre stage of this global, high-tech industry sector."

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