The Foundry – Status Update

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General

Status Update as at July 2021

IQE year-end results were released at the end of March 2021 reporting record revenues of £178M underpinned by the start of the 5G mega-cycle. This represents a 27% year on year rise.

The Foundry continues to make considerable impact to higher level skilled occupation creation with 110 jobs created to date and further 390 safeguarded jobs at associated premises. CSC Foundry has now met its target jobs profile but monitoring of further job creation will be undertaken periodically.

The CSC Foundry was identified to have contributed a minimum of £22M GVA to the Cardiff City Region by Dec. 2019 and as such we anticipate it directly contributing this amount year on year to the CCR economy.

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