Question to the Department for Science, Innovation & Technology:

To ask the Secretary of State for Science, Innovation and Technology, whether his Department plans to provide capital funding to manufacturing companies in the semiconductor sector.

This government recognises the strategic importance of semiconductors as a critical technology and a significant enabler of our growth and clean energy missions. We recently secured a £250 million investment from one of the world’s largest manufacturers of semiconductors - Vishay Technologies – into the UK’s largest semiconductor facility, supported by the government’s Automotive Transformation Fund.

The forthcoming Industrial Strategy will provide further clarity on how government will boost investment in growth-driving sectors, including by mobilising capital to ensure businesses have sufficient access to finance, such as through the National Wealth Fund.