A Newport factory which produces microchips has been bought by a Chinese company.
Newport Wafer Fab is an electronics firm which produces semiconductors and employs 450 people at its site in Tredegar Park.
It has been bought by Nexperia - which already has a site in Manchester.
Dr Drew Nelson, Newport Wafer Fab’s outgoing chairman, said the deal was a “key part” of the industry in south Wales.
Nexperia is a Chinese owned company with headquarters in the Netherlands.
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