The government defends bailing out Coherent, which considered closure after losing a deal with Apple.
More than 100 jobs have been saved at a microchip-making factory after the government stepped in to buy the closure-threatened plant.
Coherent, which also makes microchips used by the military, had considered closure after losing a big contract with iPhone maker Apple. "It safeguards national security, it boosts British jobs, and I want to make sure that we grow the company and not just save it."
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