By Kyle Morris
The U.K. government on Friday announced a 1 billion pound ($1.24 billion) National Semiconductor Strategy which sets out how the U.K. will safeguard supply chains from disruption and protect technology against national security risks.
Over the next decade the strategy aims to improve infrastructure, further research and development and facilitate greater international cooperation, with up to GBP200 million invested from 2023 to 2025.
The global semiconductor market is forecast to reach $1 trillion by 2030, it said.
With its Prime Minister Rishi Sunak in Japan for the G7 leaders’ summit, the U.K. has also and committed to establishing a semiconductor partnership with Japan to deliver new research and development cooperation, skills exchanges, and to improve the resilience of the semiconductor supply chain.
“Semiconductors underpin the devices we use every day and will be crucial to advancing the technologies of tomorrow,” Prime Minister Rishi Sunak said. “Our new strategy focuses our efforts on where our strengths lie, in areas like research and design, so we can build our competitive edge on the global stage.”
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