£35 million boost for British semiconductor scientists and businesses on international chip research
- abbierichman
- Mar 13, 2024
- 1 min read
British semiconductor researchers and businesses now have enhanced access to research funding backed by the UK government and Horizon Europe, now the UK has joined the EU’s ‘Chips Joint Undertaking’.
British semiconductor researchers and businesses now have enhanced access to research funding backed by the UK government and Horizon Europe, now the UK has joined the EU’s ‘Chips Joint Undertaking’.
The move provides the UK semiconductor sector enhanced access to a €1.3 billion pot of funds set aside from Horizon Europe to support research in semiconductor technologies up to 2027.
Access to the one of the Chips Joint Undertaking’s funds is being backed by an initial £5 million this year from the Department for Science, Innovation and Technology, and delivered by Innovate UK. An additional £30 million is due to support UK participation in further research between 2025 and 2027.
By joining the fund and contributing in the same way as all other countries who take part, the UK sector has enhanced access to bid for funding support from the €1.3 billion pot, funded by Horizon Europe.
