Apr. 23 2024
Source Page: Cabinet meeting: 4 March 2024Found: Newport Wafer Fab 4.4 The Minister for Economy informed Cabinet the UK Cabinet Office had issued a consent
Found: Wafer Fab was bought by US company Vishay in March 2024.130,131 Members criticised the Government
Mentions:
1: Peredur Owen Griffiths (Plaid Cymru - None) share the concerns and frustrations that I have, as well as the hundreds that work on the site at Newport - Speech Link
2: Mark Drakeford (Welsh Labour - None) They echo points put to me recently by the Member for Newport West on behalf of her constituents. - Speech Link
Found: Wafer Fab .
Mentions:
1: Jayne Bryant (Welsh Labour - None) What action is the Welsh Government taking to support the semiconductor industry in Newport West? - Speech Link
2: Jayne Bryant (Welsh Labour - None) Combined with announcements, it will amount to a 25 per cent reduction in the Newport workforce. - Speech Link
3: Mark Drakeford (Welsh Labour - None) So, here is the history briefly: Newport Wafer Fab acquisition was announced on 5 July 2021. - Speech Link
4: Peredur Owen Griffiths (Plaid Cymru - None) The way that Westminster has behaved towards Newport Wafer Fab demonstrates the importance of Wales having - Speech Link
Mentions:
1: John Griffiths (Welsh Labour - None) , I recently visited Shine Catering Systems, a family-run company that employs about 65 people in Newport - Speech Link
Special Report May. 25 2023
Committee: Business and Trade Committee (Department: Department for Business, Energy and Industrial Strategy)Found: We will further consider the Nexperia case, via the National Security and Investment Sub-Committee,
Formal Minutes Jun. 28 2023
Committee: Business and Trade Committee (Department: Department for Business, Energy and Industrial Strategy)Found: , in relation to correspondence with the Cha irman and CEO of Future Horizons Limited on Newport Wafer
Asked by: Ruth Jones (Labour - Newport West and Islwyn)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, whether he considered evidence (a) that the UK and Welsh Governments (i) were aware in advance of and (ii) raised no objections to the acquisition of Newport Wafer Fab by Nexperia and (b) of the level of investment by Nexperia into the Water Fab since its acquisition when making his decision on divestment.
Answered by Nusrat Ghani
The National Security and Investment Act was not in force when the original acquisition took place in 2021. The Secretary of State used retrospective powers to call-in and assess the acquisition under the Act. The Secretary of State takes decisions under the Act in a quasi-judicial capacity, based on the facts and evidence presented to him. The Act only allows the Secretary of State to make a Final Order to prevent, remedy or mitigate risks to national security, and not for wider political or economic reasons. As you’d expect, I’m unable to comment on the details of national security assessments.