Aviza receives £1.2M grant from Welsh Assembly Government
Aviza plans to invest 6.4 million (GBP) over a multi-year period to enhance research, development and engineering capabilities at its Newport facility, where the company designs, develops and manufactures single-wafer equipment and process technologies used to produce advanced integrated circuit (IC) devices.
The 1.2 million (GBP) RSA grant will help create more than 30 highly technical positions as well as support expanded responsibilities for an additional 50 positions.
Minister for Enterprise, Innovation and Networks Andrew Davies said, "We are pleased to offer this grant to Aviza Technology, Inc. This grant from the Assembly Government will enable Aviza's Newport operations to further develop and strengthen its presence here in Wales, in addition to complementing the company's R&D efforts at its Scotts Valley, California global headquarters. Aviza is one of the flagships of the advanced technology sector of the Welsh economy and this latest investment underlines the company's commitment to Newport's economy."
The RSA grant is a discretionary grant established by the WelshAssembly Government to aid businesses with capital investment projects in the Assisted Areas of Wales. To-date, a total value of 650 million (GBP) were made to businesses undertaking capital investment projects in Wales worth a total of about 2.83 billion (GBP), which have created approximately 50,000 new jobs and preserved some 20,000 existing jobs.
"We are extremely proud to have received this grant from the WelshAssembly Government in recognition of our commitment to our business operations in Newport," said Jerry Cutini, President and CEO of AvizaTechnology, Inc. "This grant is an important component to our ongoing commitment to support business in Wales. Aviza will continue to work closely with the Welsh government to highlight the technical accomplishments achieved by the company and to identify cooperative programs for future collaborations."
On Tuesday, Oct. 17, 2006, a commemorative signing for this grant was held at Aviza's Newport facility with representatives from the Welsh Assembly Government and Aviza's executive management team.
