The UK government has unveiled its semiconductor strategy, which it said would secure the country’s position as a “global science and technology superpower.”
But the long-awaited policy paper was met with mixed reactions, with some companies calling it “flaccid” and lacking in ambition.
Under the 20-year plan, the government pledged around £200 million ($248 million) by 2025 and up to £1 billion ($1.2 billion) over the next decade to boost domestic capabilities.
The strategy also includes plans to attract and nurture talent, strengthen ties with major chip-manufacturing countries, and help businesses navigate supply chain risks and national security laws.
Most of the £1 billion will be spent on encouraging research and innovation, with parts of the money to be used to boost relevant subjects in schools and international collaboration projects….