Ruth Jones
Main Page: Ruth Jones (Labour - Newport West and Islwyn)Department Debates - View all Ruth Jones's debates with the Cabinet Office
(1 day, 7 hours ago)
Commons ChamberThe Welsh compound semiconductor cluster in my constituency is a real Welsh success story in terms of this year’s Budget. It has attracted more than £1 billion-worth of investment over the last decade and has supported almost 3,000 jobs, and plans to create 1,000 more jobs are well on the way. What conversations is the Secretary of State having with UK and Welsh Government colleagues to ensure that the Welsh compound semiconductor cluster continues to grow, and to create more well-paid jobs across south Wales?
My hon. Friend rightly championed the Welsh compound semiconductor cluster from the minute she arrived in this place, and I have seen its success for myself on a number of visits. In last week’s Budget, the Chancellor announced £10 million for semiconductor activities in south Wales. That funding will focus on the technology that is central and critical to artificial intelligence and data centres, in order to support innovation, strengthen supply chains and develop the skills needed for future growth. Just two weeks ago, I was with the Secretary of State for Science, Innovation and Technology at Cardiff University—a key partner for the cluster—to announce the south Wales AI growth zone, which will create more than 5,000 new jobs for local communities, including in my hon. Friend’s constituency.