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Evaluating the long-awaited UK semiconductor strategy

Evaluating the long-awaited UK semiconductor strategy

 


Under growing pressure from the UK tech and manufacturing industry, the government finally unveiled the long-awaited National Semiconductor Strategy in May, committing $1 billion to protect the chip supply chain and drive growth in the sector.

The new strategy provides much-needed clarity at a time when the semiconductor industry is still recovering from major supply chain disruptions during the pandemic. The ongoing global chip shortage is a reminder of how important semiconductors are to our daily lives, powering everything from smartphones to ATMs and consumer electronics.

Chips also play an important role in driving growth, with the global semiconductor market projected to reach $1 trillion in total market size by 2030. There is no doubt at a critical moment for the future of the UK economy and technological sovereignty. Leaders must act swiftly to implement government plans and deploy funds.

But it is also an important time to reflect on the strengths and weaknesses of the government’s proposed approach and pay attention to the further steps the UK needs to take if it is to become a reputable leader in semiconductor design and production.

enough money?

One of the key questions industry leaders have been asking themselves over the past few weeks is whether the level of funding promised by governments is sufficient. Some industry experts described the funding figures as disappointing. After all, Washington’s Chips Act is worth $52 billion, and Europe has put $43 billion behind the Chip Act.

A billion may seem very modest in comparison, but given how different countries have different goals, it seems rather reasonable. While the US and EU plan to heavily subsidize high-end chip manufacturing, the UK aims to support sectors of industry such as chip design, research and development and manufacturing that can give it a competitive edge and become the best in the world. compound semiconductor

This is a sensible approach given that the UK will struggle to compete in the subsidized arms race with countries with much larger GDPs such as the US and China. Given that compound semiconductors play an important role in the production of photovoltaic technology and quantum computing, high-growth industries with the potential to create many jobs in the future, investing in these critical technologies is key to sustainable economic growth worldwide. Will be. nation.

Our strategy focused on research and development support is another one of our key strengths. In a letter to the Prime Minister in February, key industry leaders, including Arm founder Hermann Hauser and head of Global Tech Advocates & Tech London Advocates, outlined the importance of investing in R&D to help the UK maintain its lead in semiconductor innovation. It’s good that the government has taken these requests seriously.

Many international semiconductor companies continue to look for places with both strong R&D and talent, and the UK should make itself a destination. This approach will bring more international investment into UK R&D and, over time, a commensurate knowledge transfer benefit where the UK is home to both local and international R&D talent.

Building international partnerships

Strategic funding could help the UK advance innovation and design, but it is unlikely to build significant manufacturing capacity in the near future. This means it is important to build strong partnerships with chipmakers across Europe, Asia and North America.

The newly announced semiconductor partnership with Japan will go a long way towards diversifying the UK’s chip supply chain and further encouraging international knowledge and technology exchange.

Semiconductor Strategies recognizes the importance of international partnerships, but is relatively vague on how these alliances will begin. For example, the government has promised a stronger trade partnership with India, but promised trade agreements have been repeatedly delayed and talks reportedly made little headway.

In the post-Brexit era, it’s important that the UK prioritizes these trade deals and other international partnerships and now adds a chip component to the digital trade discussion.

Building a strong talent pipeline

Demand for tech talent in the UK is increasingly outstripping supply as tech vacancies reach their highest level in years in early 2022.

Recent figures show that only 1% of those employed in the UK tech sector are immigrants, highlighting the challenges of attracting skilled workers from abroad. The government’s semiconductor strategy promises improved support for industry learning, with a focus on promoting related skills in fields such as electronics and computer science, but more action is needed to attract skilled tech workers and nurture the domestic talent needed by the chip industry. is required.

The UK’s strong university system is a key asset here, with course and research-based programs related to the semiconductor sector making it a key priority for higher education.

Leaping forward as a semiconductor powerhouse

Given the blow to the UK tech community when semiconductor designer Arm recently decided to list on the NASDAQ rather than the London Stock Exchange, making the UK a much more attractive place to do business, secure investment and become a tech superpower. strengthen its position as

The National Semiconductor Strategy further advances these goals by strategically supporting the strengths of existing industries and creating an environment conducive to innovation. However, the government must respond to the fall by supporting manufacturing for semiconductor startups and scale-ups.

Going forward, it will be important to prioritize building international partnerships and a strong pipeline of tech talent, while providing funding as quickly as possible to help the sector build critical capabilities.

Only then can the UK make a serious claim as an international leader in semiconductor design and innovation.

Russ Shaw CBE is the founder of Tech London Advocates & Global Tech Advocates and a regular UKTN columnist.

Sources

1/ https://Google.com/

2/ https://www.uktech.news/guest-posts/chip-assessing-uk-semiconductor-strategy-20230531

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