The British government will also support its own chip business to reduce overseas dependence

 

The Financial Times (FT) reported that the British government is also preparing to provide hundreds of millions of pounds in subsidies to support the manufacture of advanced chips in the UK and reduce dependence on geopolitically sensitive regions such as Taiwan Province.

The Financial Times pointed out that although the UK is a marginal player in chip manufacturing, it still has strengths. There are two leading chip design companies in the UK, #Arm and #Imagination Technologies, which account for 40% of the world's chip smart property development. Many other companies are developing compound semiconductors.

It is understood that the semiconductor industry review report of the British government admits that it is impossible for the UK to manufacture all the chips it needs domestically, and recommends that the UK focus on research, design, compound #semiconductors and advanced packaging.

Last year, Nexperia, which is owned by China, originally wanted to acquire Newport, the largest semiconductor factory in the UK, but was blocked by the British government.

Large economies have banded together to form a chip "subsidy race". For example, the U.S. government has pledged to invest $52 billion to support the U.S. domestic semiconductor industry. The European Union plans to allocate 43 billion euros, which has attracted Intel to invest 17 billion U.S. dollars to set up a factory in Germany.