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Newport Wafer Fab: Takeovers

Question for Department for Digital, Culture, Media and Sport

UIN HL237, tabled on 16 May 2022

To ask Her Majesty's Government what impact the proposed takeover of Newport Wafer Fab will have on the UK's ambition in the Global Britain in a Competitive Age integrated review, published March 2021, for the UK to be a "digital and data hub" and transition to a "zero-carbon economy"; whether this will require the UK's semi-conductor supply chain to be secured; and what is the basis for their belief that the government of China has stated its aim to buy the UK's (1) semi-conductor capabilities, and (2) the associated intellectual property.

Answered on

19 May 2022

Her Majesty’s Government recognises the importance of semiconductor technology to key UK industries, our ambitions in the Integrated Review, and the wider digital ecosystem. The Government is reviewing its approach to the UK’s global semiconductor sector, working with industry experts, international partners, and representative bodies.

Her Majesty’s Government will not accept investments which compromise our national security, and all investment must meet stringent legal and regulatory requirements to protect the UK’s national interest. As an open economy, however, we welcome foreign trade and investment where it supports UK growth and jobs.