A new twenty-year plan to secure the world-leading strengths of the UK’s semiconductor industry has been unveiled by the government.
The National Semiconductor Strategy sets out how up to £1 billion of government investment will boost the UK’s strengths and skills in design, R&D and compound semiconductors, while helping to grow domestic chip firms across the UK.
Working in tandem with industry, investment made by the government will drive research, innovation and commercialisation through the sector - helping to deliver products from lab to market.
Over a trillion semiconductors are manufactured each year, with the global semiconductor market forecast to reach a total market size of $1 trillion by 2030. Semiconductors also underpin future technologies, such as artificial intelligence, quantum and 6G.
The strategy focuses on the UK’s particular areas of strategic advantage in the semiconductors sector – semiconductor design, cutting-edge compound semiconductors, and our world-leading R&D ecosystem - supported by UK universities from Cambridge to Cardiff and Manchester to Edinburgh demonstrating global leadership in this space.
Scott White, Executive Director, Pragmatic said:
Pragmatic welcomes the publication of the UK’s National Semiconductor Strategy, with its clear recognition of the importance of semiconductors and their fundamental impact on so many other industries. The supply chain challenges of the past few years may be cyclical, but continued growth in demand will ensure that they do not go away. We support the Strategy’s focus on UK strengths in next-generation technologies, including advanced material semiconductors such as Pragmatic’s world-leading flexible integrated circuits. Support for semiconductor manufacturing is acknowledged in the Strategy as critical to the UK’s technology ecosystem and national security, and we look forward to working with the government to define how this is implemented to support the creation of sustained, long-term value for the UK.
Find out more about the strategy here