The perhaps less renowned UK semiconductor industry could be set to receive a breath of fresh air, with the news that Newcastle-based company INEX intends to invest in developing microtechnology in the North East.
Surging revenues will apparently see the company create up to 70 jobs, as it bids to turn the North East into an international epicentre for nano and microtechnology development.
After achieving revenue growth of 145% last year, Newcastle University-owned INEX is hoping to breathe new life into the region’s once-thriving semiconductors industry.
The company currently employs around 30 people and aims to bring this number up to 100 by 2012. It is also hoping to act as a catalyst which could turn the North East into a hub for high value, specialist electronic devices, microsystems and nanotechnology.
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