A signing ceremony will take be held today to rubber stamp the development of a compound semiconductor industry cluster in South-East Wales.
The signing follows an agreement in May by the Cardiff Capital Region (CCR) Regional Cabinet to contribute £37.9 million from the CCR City Deal’s Wider Investment Fund to establish a facility for the production of compound semiconductors.
They could be used in robotics, 5G communications and driverless cars.
Compound semiconductors are at the heart of many devices we use today, from smart phones to tablets and satellite communication systems. It is an area of UK strength and today’s confirmation of the development of a cluster of excellence in Wales reinforces our own strong position in the growth of this important and growing technology.
Of course, government does not create innovation, but it can be a catalyst to getting the scientists and engineers, the designers and the entrepreneurs together to make it happen.
This collaboration is important because innovation is a shared endeavour and I look forward to seeing the cluster take shape and create a lasting engineering and manufacturing legacy in Wales
Rhondda Cynon Taf council has released a video of what the centre of Pontypridd will look like when a redevelopment is finished in 2019.
Full Planning permission will be sought this week to redevelop the former Taff Vale site.
The council says the site will become the headquarters of Transport for Wales. A new 21 st Century Library, Pontypridd One4aLL Centre and a new fitness facility will also move in.
Buy As You View, which is based in Bridgend and employs around 250 people, sells electrical and household goods to customers on credit.Read the full story ›
The deal will benefit Aston Martin's manufacturing site in the Vale of Glamorgan.Read the full story ›
A Welsh construction company has gone into liquidation resulting in the loss of 102 jobs.
Contract Services (South Wales) Limited has traded in Port Talbot and Caerphilly for the last 21 years.
The company faced unexpected cash flow pressures earlier this year and as a result, the company ceased trading on 11 August.
Business rescue and recovery specialists Begbies Traynor will help the company enter the process of liquidation.
It is disappointing to see a leading Welsh business have to close its doors in this way after many years of successful trading, particularly one that prided itself on supporting a local SME supply chain, the communities it worked in and its employees through training and being an early adopter of the Living Wage.
We will be writing to all creditors over the course of the next few days with details of the liquidation process.
Contract Services (South Wales) Limited is set to enter voluntary liquidation on 22 August.
A dispute between the Welsh Government and the UK Government could be a major issue for rail users across Wales.Read the full story ›
There is a claim that a decision has already been made to privatise Network Rail infrastructure in Wales and the South Wales Valley lines.Read the full story ›
Lengthy delays and tailbacks could become the norm without proper planning in Welsh ports, a National Assembly Committee has warned.Read the full story ›
Chris Grayling announced plans to electrify lines in Wales, the Midlands and the North have been cancelled or downgraded.Read the full story ›
Conservative AM for South Wales East, Mohammad Asghar, has said the news of the closure of a Newport factory was disappointing.
The closure could put 150 jobs at risk.
He says the Welsh Government must take immediate action for workers to get alternative jobs in the area.