LONDON : Britain must support its semiconductor industry to win inward investment and secure supplies of the chips essential to its industrial and economic prospects, a group of lawmakers said.
Britain, however, had not published its promised strategy on the sector and risked falling behind in securing inward investment, the lawmakers said in a report on Monday. The committee said Britain should cooperate with the United States under its CHIPS act, and engage with Taiwan, which is the world's biggest manufacturer of advanced chips.
Britain's most important microchip factory - Newport Wafer Fab - in south Wales was acquired last year by Nexperia, a Netherlands-registered company owned by China's Wingtech.
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