Newport Wafer Fab Sale Debate
Full Debate: Read Full DebateDepartment: Department for Business, Energy and Industrial Strategy
Barry Sheerman
Main Page: Barry Sheerman (Labour (Co-op) - Huddersfield)Department Debates - View all Barry Sheerman's debates with the Department for Business, Energy and Industrial Strategy
(2 years, 9 months ago)
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Amanda Solloway
Like my hon. Friend, I am of course totally committed to skills, as are the Government. In fact, the Government have invested £800 million in compound semiconductor research. In 2018, through UK Research and Innovation, we established a compound semiconductor applications catapult with £50 million of funding to collaborate with large companies and start-ups to develop and commercialise new applications utilising this technology. To date, the catapult has initiated projects worth more than £100 million. The UK has over 100 companies actively working with compound semiconductors. About 5,000 UK companies, 90% of which are small and medium-sized enterprises, are designing and making electronic components, devices, systems and products. The catapult is a national body dedicated to compound development across the United Kingdom. The UK Government, via UKRI and the Welsh Government, have additionally provided significant funds to help to establish south Wales university structures such as the Institute for Compound Semiconductors.
Mr Barry Sheerman (Huddersfield) (Lab/Co-op) [V]
This is a very important question. A few years ago, I fought the takeover of Syngenta in my constituency—one of the top world leaders in plant protection, fertiliser and all that complicated research stuff. It was taken over quickly by the Chinese—not by the Chinese, but by the Chinese Communist Government. There is nothing on the stock exchange; it is owned by the Chinese Government. Most people in this country do not realise just how widespread this insidious Chinese takeover of so many strategic assets in our country is. Will the Minister ask her bosses to have an audit of how far this takeover of British companies has now gone? As most people know, the whole of the electricity transmission in London and the south, with 10 million customers, is owned by the Chinese—or, again, the Chinese Government. How far can this go before we wake up to what is really going on? It is insidious, it is dangerous, and it is a real threat to our national security.