UK announces $1.2B chip strategy, faces criticism over funding size

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The UK government has finally unveiled its delayed 10-year strategy for supporting the country’s semiconductor industry, which includes £1 billion ($1.24 billion) in  investments to drive research and development efforts and shore up the industry’s talent pipeline.

More than two years after the strategy was first promised, Prime Minister Rishi Sunak announced the policy Friday at a meeting of leaders of the G7 group of nations in Japan, coinciding with an agreement to launch a “semiconductors partnership” between the two countries in order to boost…

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