Britain unveils $1.2B strategy to boost computer chip industry
Associated Press
23-05-19 09:53
The UK government has announced a £1bn investment in the country's semiconductor industry over the next decade as part of an effort to reduce the reliance on Asian production of computer chips. The strategy is designed to boost the domestic chip industry, safeguard British national security and alleviate supply chain disruption, according to Prime Minister Rishi Sunak. The government funding will focus on research and development, as well as design, intellectual property and cutting-edge compound semiconductors. The first £200m will be distributed between 2023 and 2025.