Innovation and Technology, what the expected (a) timescale, (b) operating budget and (c) scale of the proposed National Semiconductor Institute are.
This government recognises the strategic importance of semiconductors as a critical technology for the future of the UK and a significant enabler of the government’s growth and clean energy missions. The Department recognises a number of challenges to growth of the UK semiconductor sector, including industry fragmentation and a lack of long-term innovation strategy. We are currently reviewing a range of options to address this, including a national semiconductor body that can bring together the industry and unlock growth in the sector. We will announce further details in due course.