Euro Commission Support for CS Cluster

European Commission recognises importance of Compound Semiconductors by unlocking up to €1.75 billion for industry research and innovation.

The plan will unlock funding for research activities, will bring in up to €6bn in private investment and will ultimately help bring new technology innovations to market.

The project is the first integrated research, development and innovation IPCEI programme to be approved by the Commission, highlighting the European importance of microelectronics and compound semiconductors.

It is expected to benefit both the Welsh and the wider UK economy by establishing South East Wales as the leading centre of compound semiconductor expertise.

The UK element of the pan-European joint microelectronics research and innovation project was driven by the Welsh Government and involves three Welsh companies: IQE, Newport Wafer Fab and SPTS Technologies along with Manchester based ICS Ltd.

Sam Evans, Director of NWF External Affairs said, "This IPCEI project will allow Newport Wafer Fab to gain support for its long term innovation plans. Working with our CS Connected allies, Wales and the UK can lead the establishment of technologies that will power the fourth industrial revolution."

Read more at: https://gov.wales/newsroom/businessandeconomy/2019/190118-european-commission-unlocks-up-to-1.75billion-for-industry-research-and-innovation-of-compound-semiconductors/?lang=en