Newport Wafer Fab Debate
Full Debate: Read Full DebateDepartment: Department for Business, Energy and Industrial Strategy
Lord Crisp
Main Page: Lord Crisp (Crossbench - Life peer)Department Debates - View all Lord Crisp's debates with the Department for Business, Energy and Industrial Strategy
(3 years ago)
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Lord Callanan (Con)
I am not sure to which takeover the noble Lord refers that we did not intervene in—perhaps we should have a separate conversation about that. But it is clear that the Government as a whole have substantial power. As I said, the new NSI Act comes in on 4 January, when it will be commenced, but we have retrospective powers that can go back to November 2020 under that Act.
Lord Crisp (CB)
My Lords, I go back to the question asked by the noble Lord, Lord Fox, about a strategic overview. How many other firms in the semiconductor supply chain are foreign owned?
Lord Callanan (Con)
I do not have that information to hand. It would depend on what firms the noble Lord refers to and what form of suppliers they were. There are many hundreds of companies that serve some of these large manufacturing plants. As I said in response to an earlier question, we understand the importance of semiconductor manufacturers. We support this by the Engineering and Physical Sciences Research Council and we support the commercialisation of projects under the Compound Catapult, and we will continue to do so.