India says it can become the world's largest semiconductor manufacturing location in the next 4-5 years, "if you have the right ecosystem in place", according to Ashwini Vaishnaw, Minister of India's Electronics and Information Technology Union. “We know for sure that...
Reshoring gains momentum amid worsening geo-tensions
“We’re not looking to decouple from China. We’re looking to de-risk and diversify our relationship with China,” President Biden clarified before his departure after attending last week's three three-day summit with other G7 leaders in Hiroshima, Japan. Biden announced...
Taiwan placed at epicentre of US and China conflict
Tensions between the US and China are heightening in what is being described as the global battleground for semiconductors. According to The Guardian, the burgeoning conflict between the two nations can be seen in many areas but is most apparent in the semiconductor...
UK unveils £1B strategy to boost computer chip industry
The UK has unveiled its long-awaited semiconductor strategy, aiming to catch up with similar initiatives in Europe and the US. The National Semiconductor Strategy announced by the government has pledged £200m into the UK semiconductor industry between 2023-25, and...
Japan and U.K. deepen bilateral ties with new defense and tech pact
Britain and Japan have upgraded bilateral ties to an “enhanced” global strategic partnership after agreeing on a “landmark” deal to step up defense, trade and technology cooperation.
Rishi Sunak announced £18 billion ($22.5 billion) of new investment by Japanese businesses in the UK, mostly in clean energy, as well as a bilateral “semiconductor partnership” aimed at boosting supply chain resilience amid fears over Chinese interference in Taiwan, reports Bloomberg.
A “Hiroshima Accord” seeks to deepen economic, security and tech cooperation between the two countries, the British premier said ahead of the G7 meeting.
The partnership was announced just before Sunak revealed the Government’s Semiconductor Strategy that will feature £1bn of government spending over the medium term in chips that underpin all modern technologies, from smartphones to cars, according to two people briefed on its contents. The UK’s semiconductor strategy will emphasize the need for the UK to reduce its reliance on semiconductor imports from geopolitically sensitive regions.
However, the amount pledged by the government is tiny compared with Washington’s Chips Act, which involves $52bn of subsidies and incentives to encourage semiconductor companies to build fabrication plants in the US.
The EU has also launched its own “European Chips Act” with €43bn of state aid.
Scott White, co-founder of British group Pragmatic Semiconductor, which is developing small, low-cost plants for its ultra-thin chips, said £1bn seems like the “right level” for a country that has a smaller economy and industrial base than the US or Germany. But he added it has to be “distributed in a relatively small timeframe to make it really useful”.
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