Economy Minister Vaughan Gething has criticised the UK Government’s semiconductor strategy warning that it risks “falling short” of the international challenge facing the UK. The UK Government unveiled its long-awaited national semiconductor strategy on Friday offering chip companies up to £1bn over the next decade in a bid to boost the domestic industry.
In a statement responding to the UK Government’s strategy, Wales Economy Minister Vaughan Gething said: “I’m pleased the UK Government have responded to widespread calls for action by publishing their long-delayed Semiconductor Strategy.
“However, I am concerned today’s announcement risks falling short of the international challenge facing us. Wales and the wider UK have the potential to meet more of the manufacturing demand that will only grow in this crucial sector. Our ambition must now match that opportunity to create more good jobs in a more balanced UK economy.
