Critics say £1bn for UK chip industry not enough

Critics have branded the UK government's delayed £1bn package of support for the semiconductor industry as "insignificant".

By boosting Britain's semiconductor industry "we will grow our economy, create new jobs and stay at the forefront of new technological breakthroughs", Mr Sunak said. US support to its industry under the CHIPS Act totals $52bn, while the EU equivalent will amount to €43bn of aid. Gaurav Gupta of consultants Gartner said the funding was fine for research, but if the ambition was to be competitive with the big players in the field - Nvidia, Qualcomm, Broadcom and AMD then the £1bn was "insignificant".

The strategy will also try to increase the security of chip supply through international partnerships.and critical manufacturing is concentrated in a few countries, such as Taiwan.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK self-storage industry set to pass £1bn in revenue\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Source: FT - 🏆 113. / 51 Read more »

Water companies say sorry for sewage spills but critics call £10bn investment pledge too littleRuth Kelly, chair of Water UK, the industry body, said that public was “right to be upset” and that “more should have been done” to limit sewage spills. CapurrodDaniel reports:
Source: i newspaper - 🏆 8. / 89 Read more »