King Charles III
names William
prince of Wales
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"Today, I am proud to create him Prince of Wales, Tywysog Cymru," said the King, who previously held the title.
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Reacting to the news Wales' First Minister Mark Drakeford said: "King Charles III has enjoyed a long and enduring friendship with Wales.
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"We look forward to deepening our relationship with the new Prince and Princess."
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The King was only 20 years old when he was crowned Prince of Wales in a ceremony at Caernarfon Castle, Gwynedd, in 1969.
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Leanne Wood, former leader of Plaid Cymru, said: "Wales has no need for a prince".
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He said: "The prince of Wales... there's no constitutional role at all, there's no meaning to it in the constitution.
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Charles, who became Prince of Wales in 1958, automatically became king on the death of his mother, Queen Elizabeth, on Thursday.
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A royal source said Kate appreciated the history associated with the title but would seek to create her own path as Princess of Wales.
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