Northeast Englands Semiconductor Nightmare
Let s do something different this time. For this video, I am going to shift focus from Asia to talk about the United Kingdom. Northeast England was once a heavy industry powerhouse. But when those industries declined, the region struggled to come up with its next growth industry. So when Siemens Semiconductor pledged in 1995 to invest over a billion pounds for a semiconductor fab, the area was overjoyed. The Queen showed up and everything. But the plant never had a chance. Siemens closed it after just 15 months of operation. An aborted attempt to revive the plant fell through.
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