The UK push echoes US efforts to restrict exports of the technology to China and hobble its push into the chips industry. Read more at straitstimes.com.
Under the new UK strategy, public funding will be provided through existing programmes including the British Business Bank, Innovate UK and the National Security Strategic Investment Fund, the people familiar said.
Since then, new Culture Secretary Michelle Donelan has reviewed the strategy and is close to approving a new version for publication in the weeks ahead, according to a person familiar with the situation. The final draft is not yet finalised, the person said. The strategy now concludes that the supply of chips is an issue of major geopolitical and economic importance. It says that Britain should diversify with other sources of microchips from friendly and secure nations, while investing billions of pounds more in research and development.
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