Semiconductor strategy: £1bn for vital microchip sector faces criticism

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Semiconductor strategy: £1bn for vital microchip sector faces criticism
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Some say more detail is needed and the pledge £1bn government investment is a small amount in the context of an industry that will be worth an estimated $1trn, others say the strategy will help UK companies 'drink from the global fire hydrant of opportunity'.

The government's long awaited national semiconductor strategy has been published and met with a lukewarm response from industry amid ongoing shortages.

As part of the strategy the government has pledged to invest £1bn over the next decade, with £200m spent from this year to 2025. It does not address"any of the fundamental challenges British chipmakers face", Dr Thomas, who is also the chief executive of Paragraf, added.

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