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ICC Wales and Celtic Manor Resort to host Wales’ “biggest ever business event”

Wales’ First Minister Eluned Morgan has announced details of the major international investment summit taking place in Wales later this year. 

The event will take place on Monday 1st December at International Convention Centre Wales (ICC Wales) and the Celtic Manor Resort in Newport.

It will focus on promoting Wales as a destination for overseas investors. There are currently around 1,480 overseas-owned companies operating in Wales, employing more than 174,000 workers.  

To coincide with today’s announcement, the US semiconductor design software leader Cadence Design Systems, Inc. has announced plans to open a new design centre in Cardiff, creating more than 100 highly skilled jobs. The Cadence Design Centre, a joint venture with the Welsh Government and the Compound Semiconductor Applications Catapult, will design semiconductor chips, creating a strong pipeline of graduate talent to help address skills shortages in the industry.

Speaking ahead of the Investment Summit, the First Minister said:

Wales is rapidly building strength in industries which are shaping the world, from semiconductors for mobile phones and electric vehicles to our celebrated creative industries, exporting TV and film to audiences around the globe.

“Economic growth is my top priority and I’m looking forward to welcoming major players to the biggest ever business event to take place in Wales. The Summit will be a chance to share with the world the wealth of opportunities in our dynamic and future-focused nation."

Eluned Morgan

First Minister

Sir Terence Matthews, Chairman of The Celtic Collection, said:

We are delighted to host the Welsh Government Investment Summit at International Convention Centre Wales and the Celtic Manor Resort.  We look forward to welcoming industry leaders from all over the world to Wales.  

"The Summit is a great opportunity for Welsh businesses to attract investors and boost the economy.  Events like this are the reason why we built ICC Wales, because business events are so important to making connections and facilitating trade and investment.  Timing is also good for the profile and growth of new enterprise communications technology in Wales, utilising AI and the design and fabrication of IoT devices using Compound Semiconductors."

Sir Terence Matthews

Chairman of The Celtic Collection

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