{"id":33106,"date":"2023-05-19T15:33:16","date_gmt":"2023-05-19T14:33:16","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=33106"},"modified":"2023-05-19T15:33:16","modified_gmt":"2023-05-19T14:33:16","slug":"how-the-uks-1bn-national-semiconductor-strategy-will-elevate-the-sector","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/how-the-uks-1bn-national-semiconductor-strategy-will-elevate-the-sector\/33106\/","title":{"rendered":"How the UK\u2019s \u00a31bn National Semiconductor Strategy will elevate the sector"},"content":{"rendered":"
The National Semiconductor Strategy will improve the UK\u2019s design and R&D\u00a0skills for semiconductors \u2013 a critical component of most daily technologies, including phones, computers, ventilators, and power stations.<\/p>\n
Funding will help develop domestic chip firms across the UK, working with industry to further research, innovation and commercialisation in the semiconductor sector, getting products from lab to market faster than ever.<\/p>\n
The main objectives of the National Semiconductor Strategy include:<\/p>\n
UK Prime Minister Rishi Sunak said: \u201cSemiconductors underpin the devices we use every day and will be crucial to advancing the technologies of tomorrow.<\/p>\n
\u201cOur new strategy focuses our efforts on where our strengths lie, in areas like research and design, so we can build our competitive edge on the global stage.<\/p>\n
\u201cBy increasing the capabilities and resilience of our world-leading semiconductor industry, we will grow our economy, create new jobs and stay at the forefront of new technological breakthroughs.\u201d<\/p>\n
Semiconductors are essential components in almost all electronics we use and will be pivotal in future technologies such as Artificial Intelligence, quantum, and 6G.<\/p>\n
With over a trillion semiconductors produced annually, estimates suggest that the global semiconductor market is forecasted to be worth $1tr by 2030.<\/p>\n
Moreover, compound semiconductors offer performance that silicon chips cannot compete with and are essential in emerging technologies such as autonomous driving and future telecoms. However, such innovations will require advanced materials and leveraging the UK\u2019s scientific expertise.<\/p>\n
Getting a semiconductor from lab to market usually involves thousands of production stages globally, with certain locations owning the majority of the world\u2019s capabilities.<\/p>\n
The growing demand for consumer electronics during the pandemic highlighted how industries could be brought to a halt by semiconductor supply chain disruptions. Due to this, the UK needs to safeguard its semiconductor supply by boosting domestic capabilities.<\/p>\n In addition, semiconductors can cause security risks. This is because they can be employed to corrupt the electronic devices they are used in \u2013 a significant risk as internet-connected devices become more prevalent.<\/p>\n The UK Government has stated that compromising cybersecurity for modern technology<\/a> is not acceptable, with the National Semiconductor Strategy outlining measures to mitigate vulnerabilities.<\/p>\n Pull quote** Semiconductors are the beating heart of all electronic devices, from powering our phones and cars to medical equipment and innovative new technologies like quantum and\u00a0AI, which will make a real difference in our lives.<\/p>\n The National Semiconductor Strategy aims to grow the UK\u2019s world-leading compound semiconductors, research and development, intellectual property, and design strengths.<\/p>\n Around \u00a3200m will be provided between 2023-2025, with up to \u00a31bn over the next decade. The National Semiconductor Strategy builds on the \u00a3539m invested in research grants and \u00a3214m directly to\u00a0SMEs\u00a0in the sector over the last decade. The government has also funded 450\u00a0PhD\u00a0students since 2017.<\/p>\n The money will cultivate the next generation of semiconductor experts in the UK and make it easier for British companies to access prototyping, tools, and business support. This will include investment in a new National Semiconductor Infrastructure Initiative to benefit chip firms in these key areas.<\/p>\n The Department for Science, Innovation and Technology\u00a0commissioned research<\/a> will identify the optimal way to establish the Infrastructure initiative \u2013 with results published in Autumn this year.<\/p>\n Efforts within the National Semiconductor Strategy also include:<\/p>\n The National Semiconductor Strategy will help avoid supply chain issues and protect vital sectors such as essential services, healthcare, critical national infrastructure, and defence. It will do this through:<\/p>\n The National Semiconductor Strategy also outlines actions to overcome semiconductor security risks, such as:<\/p>\n Read how the UK’s \u00a31bn National Semiconductor Strategy will advance the country\u2019s semiconductor production capabilities.<\/p>\n","protected":false},"author":15,"featured_media":33107,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[830],"tags":[530,24208],"acf":[],"yoast_head":"\nHow will the National Semiconductor Strategy elevate domestic capabilities?<\/h3>\n
\n
\n
\n