SECRETARY of State for Wales, Jo Stevens, has commended Newport’s compound semiconductor cluster for its significant contribution to the UK’s economic prosperity while exploring avenues for its continued growth.

Compound semiconductors are integral to a multitude of products, including electric vehicles, solar panels, and smartphones. These materials are expected to play a critical role in the evolution of emerging technologies such as driverless cars and artificial intelligence.

During her visit, Stevens witnessed the cutting-edge research and innovation taking place at Newport’s compound semiconductor cluster. She met with staff at CSA Catapult and CSconnected, part of the South Wales Semiconductor Cluster, and was given a tour of their state-of-the-art facilities.

CSA Catapult is recognised as the UK’s leading authority on compound semiconductor applications. The organisation collaborates with industry, start-ups, and academic institutions to advance research and bring commercially viable solutions to market.

A recent report from the Welsh Economy Research Unit at Cardiff University revealed that CSA Catapult’s projects have created or safeguarded over 4,000 jobs from 2019 to 2023. This includes the creation of 1,325 full-time positions, contributing an estimated £600 million in gross value added (GVA) to the UK economy.

Welsh Secretary Jo Stevens told The Pembrokeshire Herald: “Wales has incubated this high-tech, world-leading industry in Newport, which has so much potential for the future. Their work forms a critical part of the technology we rely on day-to-day, but also makes a huge contribution to our clean energy ambitions and even national security.

“The compound semiconductor cluster is vital for our economy, with innovative businesses supported by the Catapult creating high-skilled, well-paid jobs that bring prosperity and opportunity to South Wales.

“We will back innovative businesses like this to the hilt as we fulfil the UK government’s mission to drive economic growth.”

Howard Rupprecht, Director of CSconnected, said: “We have seen exceptional economic growth over the last five years as our local industry takes advantage of a semiconductor market that is set to surpass $1 trillion per annum by 2030.

“Our semiconductor jobs are knowledge-intensive, highly paid, and are very ‘sticky,’ not being susceptible to global ‘offshoring’. We are positioned to further accelerate growth through the SE Wales Investment Zone and look forward to working with the UK government on the development of their forthcoming Industrial Strategy.”

Martin McHugh, Chief Executive Officer of CSA Catapult, added: “We were pleased to be able to show the Secretary of State our facilities and how our work contributes to the local Welsh and UK economies. Through our collaborations with organisations in Wales and across the country, we’re helping to create growth and safeguard jobs and are making a significant contribution to the UK’s productivity.”

The compound semiconductor cluster in Newport continues to position Wales as a leader in this crucial technology sector, promising further economic growth and high-quality job creation in the years to come.

THE RURAL Welsh county of Carmarthenshire is celebrating a major achievement in its quest for improved digital infrastructure, as it reaches the milestone of 60% gigabit broadband connectivity. This is a significant leap from just 25% in 2021, marking a pivotal step in the region’s digital transformation.

The Swansea Bay City Deal’s Digital Infrastructure Programme has been instrumental in driving this progress, with a focus on enhancing broadband access in hard-to-reach areas. The success is largely attributed to the county’s Digital Champions, who have worked tirelessly with stakeholders, including alternative network providers (AltNets) Voneus and WeFibre, mainstream providers like Openreach, and local communities. Their efforts have been key in raising awareness of the benefits of high-speed connectivity and how to achieve it.

Carmarthenshire’s commitment to its ‘connectivity through collaboration’ ethos has been a cornerstone of its strategy. By strengthening digital infrastructure, the county aims to ensure reliable connectivity for all residents and businesses, promoting both social and economic growth.

Cllr Hazel Evans, Cabinet Member for Regeneration, Leisure, Culture and Tourism, praised the achievement:
“This is a huge leap in progress for a county that has many harder-to-reach areas. It’s encouraging to see so many more people now have the improved connectivity needed to thrive both socially and economically. I’m confident that we shall take this much further to achieve a fully digital inclusive Carmarthenshire in the future.”

The achievement not only offers immediate social and economic benefits but also opens the door for further inward investment, particularly in sectors like tourism and agriculture that stand to benefit from emerging technologies.

The county’s success has been bolstered by close collaboration with the UK Government’s Department for Science, Innovation and Technology (DSIT) and the Welsh Government. These partnerships have facilitated crucial funding streams and empowered local communities to advocate for better digital infrastructure in their areas.

Behind the scenes, the work of Carmarthenshire County Council has been integral to reaching this milestone. Key contributors include supportive community and county councillors, as well as the planning, infrastructure, and highways departments, all of whom have played a role in the successful delivery of broadband projects.

Simon Davies, Head of Economic Development and Property at Carmarthenshire County Council, lauded the collective effort:
“Reaching the 60% full fibre milestone in the county is a fantastic achievement. It wouldn’t have been possible without the dedication of our Digital Champions and the collaborative efforts of numerous internal departments. Working closely with the Digital Infrastructure Team, I’m certain we will continue to increase that percentage, ensuring no one is left behind.”

Carmarthenshire’s journey towards digital inclusion is already having a marked impact. With 60% gigabit connectivity now a reality, the Digital Infrastructure Programme team is aiming even higher, working in collaboration with UK Government initiatives such as Project Gigabit. The goal is to position Carmarthenshire as a leading digital county, supporting the prosperity of its businesses and communities.

THE UK operator of TGI Fridays has entered administration, leaving the fate of 87 restaurants, including key locations in Wales, hanging in the balance. This move comes as Hostmore, which operates the brand in the UK, scrambles to sell its chain across the country.

In a recent development, administrators from Teneo have been appointed after plans to acquire the US-based parent chain fell through earlier this month. The collapse of these plans has cast a shadow over the future of the beloved American-inspired restaurant chain.

Among the affected branches are popular Welsh locations in Swansea, Cardiff and Newport. The staff now face uncertainty.

Hostmore has expressed hope in completing the sale of the UK restaurants by the end of September. This would not only keep the TGI Fridays brand alive on British high streets but also potentially save approximately 4,500 jobs across the UK. However, the company has cautioned that it does not expect to recover any significant value from the sale, indicating potential financial shortfalls for creditors and banks.

The uncertainty extends to whether a buyer will be found for the entire chain or only parts of it. This raises concerns about the potential closure of some of the 87 UK branches. TGI Fridays, which first opened in the UK in Birmingham in 1986, has become a familiar name in towns and cities nationwide.

Currently, the restaurants continue to operate as usual while the administration process unfolds. The collapse of the London-listed hospitality firm came after plans to merge with the US-based TGI Fridays Inc. for £177 million were abandoned. This merger would have created a larger entity remaining listed in London, but it was called off following a management change that would have prevented Hostmore from collecting royalties from the TGI Fridays brand.

Hostmore’s financial woes have been exacerbated by a 12% drop in sales this year compared to the previous period, attributed to unusually warm weather and weak consumer spending. The company’s share price plummeted by more than 90% following the announcement, leading to its suspension from the London Stock Exchange.

Hostmore’s brief tenure as a public company has been fraught with difficulties since its debut in November 2021. Its share price, which started at 147p, has suffered a dramatic decline due to profit warnings, mounting debts, and underperforming restaurants.

Russ Mould, investment director at AJ Bell, described the collapse of Hostmore’s expansion plan as a significant blow, suggesting little to no value left for shareholders. He noted that the US acquisition would have significantly increased Hostmore’s scale and given it a major presence in America, freeing it from an existing restrictive franchise deal.

Susannah Streeter, head of money and markets at Hargreaves Lansdown, highlighted the potential for the brand’s survival, citing its continued operation in over 50 countries and loyal customer base. However, she suggested that a new owner might need to significantly reduce the number of UK outlets, focusing on successful locations like London’s Leicester Square.

The story of TGI Fridays began in New York in 1965, founded by Alan Stillman. It became a sensation known for its unique “Thank God It’s Friday” ethos and flair bartending. The brand expanded to the UK in the mid-1980s, bringing its Americana-inspired décor and menu to a new audience.

As the administration process continues, the full list of UK outlets at risk of closure includes:

• Aberdeen Beach
• Aberdeen Union Square
• Ashton-under-Lyne
• Barnsley
• Basildon
• Birmingham
• Birmingham NEC
• Bluewater
• Bolton
• Bournemouth
• Bracknell
• Braehead
• Braintree
• Brighton Marina
• Cabot Circus
• Castleford
• Cheadle
• Chelmsford
• Cheltenham
• Cheshire Oaks
• Coventry
• Crawley
• Cribbs Causeway
• Croydon
• Derby
• Doncaster
• Durham
• Edinburgh
• Enfield
• Fareham
• Fort Kinnaird
• Gateshead
• Glasgow Buchanan Street
• Glasgow Fort
• Gloucester Quays
• Halifax
• High Wycombe
• Jersey
• Lakeside Quay
• Lakeside Retail Park
• Leeds Junction 27
• Leeds Wellington Bridge Street
• Leeds White Rose
• Leicester
• Lincoln
• Liverpool One
• Liverpool Speke
• London Leicester Square
• London Stratford City
• London the O2
• Manchester Royal Exchange
• Meadowhall
• Metro Centre Gateshead
• Milton Keynes
• Milton Keynes Stadium
• Newcastle Eldon Square
• Newport Friars Walk
• Northampton
• Norwich
• Nottingham
• Prestwich
• Reading
• Romford
• Rushden Lakes
• Sale
• Sheffield
• Silverburn
• Solihull
• Southampton Retail Park
• Staines
• Stevenage
• Teesside
• Telford
• Trafford Centre
• Trinity Leeds
• Walsall
• Watford Central
• Watford North
• Wembley
• West Quay

The uncertainty surrounding TGI Fridays’ future in the UK has left many customers and employees anxious. While the brand has weathered many storms over the decades, it remains to be seen if it can survive this latest challenge and continue serving up its iconic American cuisine to British diners.