UK Government's DSIT Launches New Semiconductor Institute to Support £1 Billion Strategy

May 20, 2024, 01:00 PM

The UK government has announced the establishment of a new, independent Semiconductor Institute to support its £1 billion National Semiconductor Strategy. This initiative, announced by DSIT, aims to drive semiconductor innovation, ensure funding supports the UK's strengths, and provide the industry with tools to innovate and scale. The institute will also help secure supply chains and protect national security while attracting higher levels of international investment. This announcement comes on the anniversary of the launch of the National Semiconductor Strategy, which has been instrumental in supporting UK research, design, and compound semiconductors.