£250mln invested in UK’s largest semiconductor facility

Vishay Intertechnology intends to invest in their Newport plant in Wales.

The £250mln investment is part of plans to develop a large-scale, compound-semiconductor-manufacturing cluster in the country. The investment will boost production at the factory of advanced silicon carbide semiconductors, integral to electric vehicle production.

Vishay’s investment is expected to directly support over 500 high-value, high-skilled jobs in the region and indirectly support hundreds more in the wider supply chain.

UK Chancellor of the Exchequer, Rachel Reeves, says, ‘Supported by the government’s Automotive Transformation Fund (ATF), the investment will help secure domestic supplies of semiconductors critical to the UK automotive industry, and other key industries including renewable energy and defence, supporting the Industrial Strategy.

'It also strengthens the UK’s position in a competitive, global semiconductor landscape, supporting long-term growth for our economy.’