Contributions
1,819 recent contributions in Hansard
HANSARDNewport Wafer FabMy hon. Friend is absolutely right—it is about protecting UK interests. I know he has great expertise on the issue from the Business, Energy and Industrial Strategy Committee, so…21 Nov 2022HANSARDNewport Wafer FabFirst, because of the process there is not quite as much freedom as the hon. Lady sets out for the Secretary of State to judge a quasi-judicial case such as this in the way she…21 Nov 2022HANSARDNewport Wafer FabWe do not agree with the hon. Gentleman’s characterisation. Private businesses run these operations and 100 different companies have invested in semiconductor devices. Five…21 Nov 2022HANSARDNewport Wafer FabI pay tribute to my right hon. Friend, who is on the Welsh Affairs Committee as well, I think—[Hon. Members: “He’s the Chair.”] With correction. Either way, he knows a lot about…21 Nov 2022HANSARDNewport Wafer FabAlthough we have not met up, I pay tribute to my hon. Friend’s work in this area. As I have said, we are of course very keen to ensure that we have semiconductor manufacturing in…21 Nov 2022HANSARDNewport Wafer FabIt is worth saying for the House’s benefit —I am sure the right hon. Lady knows this —that this got going in south Wales partly through £1 billion of Government investment. Of…21 Nov 2022HANSARDNewport Wafer FabThe Government would not be looking to take over and run the semiconductor business. However, the hon. Gentleman makes an important point about its place in the chain. It is worth…21 Nov 2022HANSARDNewport Wafer FabI am not sure whether the hon. Gentleman is calling for the Government to run the semiconductor factory. If he is, on the other hand, asking for a plan, he will need to be patient…21 Nov 2022HANSARDNewport Wafer FabI thank my hon. Friend, who was key in persuading the Government to take forward the national security and investment legislation. That has been important in this case—definitive,…21 Nov 2022HANSARDNewport Wafer FabI have seen the reports that the hon. Member refers to. I do not want to get ahead of ourselves. In the next few weeks, Nexperia will provide its plan for the business, which we…21 Nov 2022HANSARDNewport Wafer FabMy hon. Friend will be interested to hear that I think I read a report of his visit to the site. I have taken every opportunity to understand what is happening in Newport, and his…21 Nov 2022HANSARDNewport Wafer FabI think that is a rather unfair assessment of what has happened for this reason: the National Security and Investment Act 2021 only came into existence this January, so to say…21 Nov 2022HANSARDNewport Wafer FabOn 25 May, the then Secretary of State for Business, Energy and Industrial Strategy called in Nexperia’s acquisition of Newport Wafer Fab for a national security assessment under…21 Nov 2022HANSARDNewport Wafer FabThe hon. Lady is quite right to be a doughty defender of her constituents, and I acknowledge that it will be a concerning time for 500 or so employees. She is not privy to the…21 Nov 2022HANSARDNewport Wafer FabMy right hon. Friend is absolutely right about this. The interesting thing is that the National Security and Investment Act did not exist when this original takeover took place,…21 Nov 2022HANSARDNewport Wafer FabThe Department for Digital, Culture, Media and Sport holds the plan itself. It is worth the House and the hon. Gentleman knowing that the UK has several strengths in…21 Nov 2022HANSARDNewport Wafer FabWe welcome inward investment into this country. We have one of the most open provisions for inward investment of any country in the world, and one of the most open economies, so…21 Nov 2022HANSARDBulb Energy Administration and Energy Bill Relief SchemeI am today updating the House on the mergers and acquisition process for Bulb Energy Ltd (‘Bulb’) in special administration. Bulb Energy Ltd (‘Bulb’) was taken into special…31 Oct 2022HANSARDShale Gas ExplorationAs the Prime Minister set out when entering office, and in the House yesterday, the Government support the core ambitions set out in the 2019 manifesto. The Government will…27 Oct 2022HANSARD Independent Inquiry into Child Sexual Abuse: Final ReportAbsolutely, yes. On behalf of the 7,300 victims and survivors who came forward in the course of the report, we owe them a duty to do exactly what my hon. Friend has suggested.24 Oct 2022