The UK Technology Secretary Peter Kyle has called for support from central government for domestic chip production to ensure Britain’s “resilience and security”.
Speaking to UKTN, Kyle, who was visiting the semiconductor manufacturing hub of Newport, Wales, said the technology is “underpinning the growth of the economy” and the “transition of the government towards a digital future”.
“Therefore, we need domestic production for resilience and security reasons.”
The global semiconductor manufacturing industry is dominated by Taiwan, the US, China and South Korea.
By contrast, the UK accounts for just 0.5% of semiconductor sales, according to government figures, and is in the top 20 nations for importing chips, according to the Observatory of Economic Complexity.
The secretary of state for technology was in Wales to champion the efforts of the semiconductor manufacturers Vishay Newport and KLA. There he said the government must be an active partner to be “part of that magic”. …
Have you heard of RELX? A lot of people haven’t. A cursory browse of Google Trends suggests there is less “search interest” for RELX than virtually any ot
Irish technology consultancy Version 1 has pledged to invest £40m into the UK’s AI economy following a discussion with leaders of both countries. The i
This week’s UK tech funding deals include AI data intelligence platform Quantexa, biomaterials developer Epoch Biodesign and more. UKTN tracked £200.3m worth
The UK has everything it needs to lead the world in quantum computing. First-class scientific talent, a solid funding pipeline, groundbreaking companies and eve