Welsh government was blocked from investing more money in Newport Wafer Fab

clock • 3 min read
Welsh government was blocked from investing more money in Newport Wafer Fab. Image Credit: NWF
Image:

Welsh government was blocked from investing more money in Newport Wafer Fab. Image Credit: NWF

The Welsh government gave NWF a £13 million loan in 2017 when the firm was acquired in a management buyout from Germany's Infineon

The Welsh government says it was blocked from investing more money in UK's largest microchip factory Newport Wafer Fab (NWF) after China-backed Nexperia got pre-emptive rights in 2019 to buy the fa...

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