£38m for Newport foundry to make new technology behind 5G

Funding of nearly £38m is expected to be announced for a facility to make compound semiconductors - a new technology behind robotics, 5G and driverless cars. The 10 councils in the Cardiff Capital Region are set to develop the foundry in Newport, which could create about 2,000 high skilled jobs in five years. The funding follows £12m from the Welsh Government in November 2015. It could make a world-leading hub for the new technology. The factory would be owned by the councils and is projected to create £375m of private sector investment in the next five years.