Potential job losses at Newport Wafer Fab are deeply concerning and will come as a blow for the workforce, some of whom I met with in Parliament recently. We had warned the UK Government that dither and delay over sale of Newport Wafer Fab would have serious consequences and after an inexorable wait for its semi-conductor strategy, it is clear that the strategy falls far short of the ambition we need for a thriving South Wales semi-conductor cluster.

The government’s inaction has done nothing to restore the confidence we need to grow the semi-conductor industry and protect jobs in South Wales. It should treat the sale of Newport Wafer Fab as a critical priority for the future success of the Welsh and wider UK economy.

Listen to my radio appearance here.