Funding supports jobs
£14m investment boost for Scottish electronics plant
The GFAB plant has survived changes of ownership
An electronics plant in Greenock that was threatened with closure last year is to receive nearly £14m in taxpayer support to retain 300 jobs at the site.
The funding from Scottish Enterprise supports a £47m investment deal announced last year that will allow the owner Diodes International to upgrade the former National Semiconductor plant and re-train the workforce.
Nasdaq-listed Diodes, a semiconductor manufacturer, took over the site from Texas Instruments which had planned to move the plant to a more “cost-effective” site overseas.
The 318,782 sq ft Greenock Fab (GFAB) plant on the Larkfield Industrial Estate opened in 1970 and a taskforce was established in 2016 when the potential closure of the facility was announced.
The funding package will see £12m invested in research and development to help develop technologically-advanced transistors at the site. A further £1.7m will go towards a training programme for workers.
The company has also received £169,500 from Inverclyde Council.