£17 Million for UK’s first Compound Semi Research Foundation
A £17.3m award that will put Cardiff University at the cutting edge of semiconductor technology has been announced by UK Government. Funding unveiled by Universities Minister Greg Clark MP will underpin the Compound Semiconductor Research Foundation, the first of its kind in the UK, with potential to become one of the leading clusters in Europe. The Foundation, earmarked for the University's Innovation Campus, will drive the testing and development of ground-breaking technology that lies behind global 'megatrends' including smart phones and tablets, powering change across sectors including healthcare, biotechnology and mass communications.
The award adds to Â£12m already pledged by Welsh Government to support the Foundation. The funding will strengthen bonds between Cardiff headquartered IQE Plc, a leading global compound semiconductor wafer supplier, and the University.
Professor Colin Riordan, Vice-Chancellor of Cardiff University, welcomed the investment: "The award from the UK Research Partnership Investment Fund will capitalize on existing academic expertise at Cardiff University. It will cement our well-established partnership with IQE to create a global hub for CS technology research, development and innovation."
Dr Drew Nelson, CEO of IQE plc, said: "Compound Semiconductors are one of the 8 great technologies identified by the UK government as essential to leading the UK's economic and industrial growth. We welcome today's announcement and look forward to playing a key role in helping to make Wales and the UK the new European powerhouse for next-generation semiconductor technologies."
Cardiff is one of seven outstanding university research projects to receive over Â£100 million from UKRPIF in 2016-17 to drive innovation and growth.