Support for semiconductor scale-ups announced as Lord Vallance kicks off a stakeholder forum ahead of the G7 Semiconductors Points of Contact group in Cambridge.
UK semiconductor firms producing vital technology from phone screens to surgical lasers are being backed in their efforts to scale up into large businesses and drive economic growth.
The science Minister Lord Patrick Vallance has announced the 16 projects that will win a share of a £11.5 million pot – provided by Innovate UK – that will help drive innovation, as he opened an industry conference of G7 nations today (Thursday 26 September).
Pioneering projects across the country will help take the UK’s thriving semiconductor industry to the next level as it further enhances everyday life – from more efficient medical devices to energy saving phone screens – and kickstart economic growth.
This comes shortly before the Government’s International Investment Summit which will showcase the UK as a place to do business. Today’s move is yet another reason for business to choose the UK as a place to invest – as it is backing the industries of the future.
