UK Unveils £1 Billion Semiconductor Strategy

A closeup of a silicon wafer on display at Taiwan Semiconductor Research Institution in Hsinchu, Taiwan, on Sept. 16, 2022. Annabelle Chih/Getty Images

The UK government has unveiled its semiconductor strategy, which it said would secure the country’s position as a “global science and technology superpower.”

But the long-awaited policy paper was met with mixed reactions, with some companies calling it “flaccid” and lacking in ambition.