The announcement that Vishay Intertechnology is to acquire the Nexperia (former Newport Wafer Fab) facilities and operations for $177 million is welcomed by the Cardiff Capital Region. CCR has supported the establishment of the world’s first Compound Semiconductor Cluster, which is anchored by its CS mega-Foundry in Newport and reinforced by the CS Connected collaboration which spans business, academia and government partners and has a global reputation for research and development.
Cllr Jane Mudd, Leader of Newport City Council and Vice Chair of the CCR Cabinet, has responded to the announcement by saying:
“This is very good news for the skilled and dedicated employees of the former NWF. The continuity that this deal brings is highly encouraging for the economy of Newport, the wider Region and the UK as a whole, especially given the critical and increased importance of semiconductors globally. Newport is proud to host the world’s first Compound Semiconductor Cluster and the Cardiff Capital Region has invested considerable sums into this sector. We look forward to establishing close relations with the Vishay team.”
Cllr Anthony Hunt, Leader of Torfaen County Borough Council and Chair of Cardiff Capital Region’s Cabinet said:
“Vishay’s decision to invest in Newport Wafer Fab is very welcome and demonstrates a huge vote of confidence not just in this great company but also in the Region. Newport Wafer Fab is already the largest semiconductor manufacturer in the UK and we are pleased to see that Vishay will invest in even more facilities and expertise. The global footprint in the semiconductor manufacturing world is expanding and it’s vital that Southeast Wales retains its place at the forefront.”