The United Kingdom’s semiconductor industry is calling for government funding, with analysts warning that otherwise, the country could lose its microchip manufacturers to the United States and elsewhere.
The administration of Prime Minister Rishi Sunak has not yet revealed a strategy outlining British efforts to promote the chip industry. CEOs of domestic semiconductor companies are becoming increasingly frustrated.
Britain is a fairly unknown but important player in the global chip market, with particular expertise in compound semiconductor design, IP, research, and manufacturing.
In addition, chip designer Arm, one of the industry’s most valuable assets, is based there. Around 95% of all smartphones use chips licensed by Arm, a company based in Cambridge, England.
Semiconductors have become a heated issue for world governments after a global shortage caused supply concerns for major automakers and electronics manufacturers.
