Innovation Strategy

Part of 2. Questions to the Minister for Economy – in the Senedd at 2:55 pm on 19 October 2022.

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Photo of Vaughan Gething Vaughan Gething Labour 2:55, 19 October 2022

We're optimistic in our ambitions about our ability to both attract new businesses to come to Wales as well as businesses that were already founded here to grow and expand. A good example of that is in the compound semiconductor cluster. I recently attended the groundbreaking ceremony with Jayne Bryant in her constituency for the KLA Corporation—750 new jobs being created with an expected average salary of £45,000. That includes manufacturing and R&D as well. I'm always interested in how we can have R&D functions located in Wales, and not simply those functions that aren't R&D specific. It definitely does add value, and we look for that in each of the projects that we seek to support, from small businesses as well as medium and larger enterprises.