UK ministers welcomed to largest semiconductor factory to further cement partnership creating jobs and investment
March 2025
The UK’s biggest semiconductor factory welcomed two government ministers this week looking ahead to the publication of the Government’s Industrial Strategy, and plans to unlock hundreds of millions of investment into the Welsh economy.
Vishay Newport Limited, which is part of Vishay Intertechnology, one of the world’s largest manufacturers of discrete semiconductors and passive electronic components, welcomed Secretary of State for Department for Science, Innovation and Technology Peter Kyle MP and Secretary of State for Wales Jo Stevens MP to the Newport Wafer Fab this week (Monday 3rd March).
In December, Vishay and the Welsh government announced an investment of £51 million into Newport Wafer Fab, including a £5m investment from the Welsh government. The semiconductors have a wide range of applications to support the UK’s automotive industry and the transition to Net Zero.
The Secretary of State for Wales, Jo Stevens MP said:
“The world-leading South Wales semiconductor cluster is vital for our economy and contributes to areas ranging from clean energy, aerospace and healthcare to national security. The UK Government is backing our innovative businesses to continue to create high-skilled and well-paid jobs and to drive economic growth as part of our plan for change. “We have got all the ingredients here in Newport. We have got the talent, the research, the skills and the investment site.”
The Secretary of State for Science, Innovation and Technology, Peter Kyle MP said:
“KLA and Vishay showcase the incredible innovation happening in the Welsh semiconductor cluster, which powers vital technology, from our phones to life-saving medical technology. By seizing new funding opportunities through the Chips Joint Undertaking, British researchers and businesses can develop semiconductor technologies for critical sectors like healthcare, aerospace and automotive, opening new growth areas for the UK and supporting our industrial strategy. This strengthens the UK’s position in a competitive, global semiconductor landscape and supports long-term growth for our economy.
About Vishay
Vishay manufactures one of the world’s largest portfolios of discrete semiconductors and passive electronic components that are essential to innovative designs in the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and medical markets. Serving customers worldwide, Vishay is The DNA of tech®. Vishay Intertechnology, Inc. is a Fortune 1,000 Company listed on the NYSE (VSH). More on Vishay at www.Vishay.com.
Forward Looking Statement
Statements contained herein that relate to the Company’s future performance, including capital investment, capacity expansion and cash flow generation, are forward-looking statements within the safe harbor provisions of Private Securities Litigation Reform Act of 1995. Words and expressions such as “will,” “expect,” “focus,” “intend,” “committed, “goal” or other similar words or expressions often identify forward-looking statements. Such statements are based on current expectations only, and are subject to certain risks, uncertainties and assumptions, many of which are beyond our control. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results, performance, or achievements may vary materially from those anticipated, estimated or projected. Among the factors that could cause such material variations include: that the fab will not be integrated successfully into the Company’s overall business; that the expected benefits of the acquisition may not be realized; that the fab’s standards, procedures and controls will not be brought into conformance within the Company’s operation; difficulties in transitioning and retaining fab employees following the acquisition; difficulties in consolidating facilities and transferring processes and know-how; the diversion of our management’s attention from the management of our current business; risks of foreign operations, including excessive operation costs, labor shortages, changes in tax rates; changes in foreign currency exchange rates; uncertainty related to the effects of changes in foreign currency exchange rates; difficulties in new product development; changes in U.S. or foreign trade regulations and tariffs, and uncertainty regarding the same; changes in applicable domestic and foreign tax regulations, and uncertainty regarding the same; and other factors that are set forth in our filings with the Securities and Exchange Commission, including our annual reports on Form 10-K and our quarterly reports on Form 10-Q. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
The DNA of tech® is a trademark of Vishay Intertechnology.
