Newport Wafer Fab

Lord Campbell-Savours Excerpts

Monday 6th December 2021 Lords Chamber

[The Lord Privy Seal (Baroness Evans of Bowes Park) (Con)]

My Lords, the noble Lord, Lord Campbell-Savours, wishes to speak virtually. I think this is a convenient point for me to call him.

[Lord Campbell-Savours (Lab) [V]]

Is not the real issue whether Newport Wafer Fab, now employing around 450, would have survived without positive Chinese intervention offering long-term viability? If there is real concern over the survival of UK strategic hi-tech, why not revisit lessons learned in the 1970s from Labour’s NEB, the Conservatives’ NEDC and BTG, and the role that Inmos played in the early development of chips? Without a national initiative, we are conceding all to Taiwan, Japan, Korea and China, and a whinging United States of America, and losing markets.

[Lord Callanan (Con)]

Of course, I cannot comment further on these transactions, as the noble Lord knows, but semiconductors are an important aspect of our industrial future. We have some excellent manufacturing companies in the UK, and we want that to continue.