UK expected to offer $1.25 billion for nation’s semiconductor industry

UK Prime Minister Rishi Sunak is reportedly about to follow in the footsteps of the US and several European governments by announcing a funding package designed to build up the country’s domestic semiconductor industry, according to a report this week from Politico.

While the exact amount of the funding could change, according to Politico’s sources, a topline figure of £1 billion ($1.25 billion) is expected. The UK government’s Department for Science, Innovation and Technology is thought to be the prime mover behind the policy, and Sunak is said to be…