Newport Wafer Fab

Lord Cormack Excerpts
Thursday 7th April 2022

(2 years, 7 months ago)

Lords Chamber
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Lord Callanan Portrait Lord Callanan (Con)
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The Prime Minister announced that the National Security Adviser would be asked to look at the transaction, and he is indeed doing that.

Lord Cormack Portrait Lord Cormack (Con)
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My Lord, some of us find it difficult to understand why Chinese involvement is even being considered.

Lord Callanan Portrait Lord Callanan (Con)
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This is a commercial transaction. Nexperia already has existing semiconductor facilities in the United Kingdom. It entered into an additional commercial transaction and, therefore, that is being considered under the terms of the National Security and Investment Act.