UK announces £1 billion support for domestic semiconductor industry to enhance chipmaking capabilities and address supply disruptions. The investment aligns with a 20-year strategy aimed at securing chip supplies, mitigating risks, and protecting national security. The strategy, to be published soon, outlines measures to foster growth in the UK’s chip sector and strengthen supply chain resilience. The UK also seeks international collaboration, exemplified by a recent defense and semiconductor partnership with Japan.
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Summary
Article Name
UK's $1.2B Semiconductor Plan in Response to U.S. and EU Chip Investments
Description
UK announces £1 billion support for domestic semiconductor industry to enhance chipmaking capabilities and address supply disruptions.
Author
Susan Jane
Publisher Name
CNBC
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