G7 Summit

Ruth Jones Excerpts

Monday 22nd May 2023 Commons Chamber

[Ruth Jones (Newport West) (Lab)]

Many people in Newport West have been eagerly waiting for the Government’s semiconductor strategy, including 600 hardworking employees at Newport Wafer Fab. After three years of waiting, rather than coming to this House, the Prime Minister made the announcement in Japan on Friday last week, avoiding parliamentary scrutiny yet again. That is unacceptable in my view. How can we expect effective research and development to be carried out within the semiconductor industry, as trumpeted by the strategy, without well-funded domestic manufacturing capacity?

[The Prime Minister]

The hon. Lady may have missed the £1 billion of investment in the UK semiconductor industry contained in the strategy, and the fact that it was welcomed by leading companies from the sector. It has taken the right amount of time to get the strategy together, because it is the right strategy for Britain. Every country has different strengths, and every country plays a different role in the supply chain. We are focused on what we do best, which is in compound semiconductors, as the hon. Lady will know well from south Wales, but also semiconductor design and intellectual property. Those are the strengths we are investing in, which give us leverage in a large global supply chain. That is why the strategy was warmly welcomed, and is the right strategy to strengthen our security.