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528 As UK launches semiconductor institute, EU chips get €2.5B boost

The Next Web
Ioanna Lykiardopoulou @ The Next Web · 05/21/2024 12:15 EDT

As UK launches semiconductor institute, EU chips get €2.5B boost

Amid a global race for semiconductor independence, the UK announced today a designated institute that will oversee its £1bn strategy on growing its chips sector. At the same time, Belgium-based research hub imec has landed €2.5bn in funding from the EU Chips Act. Dubbed the UK Semiconductor Institute, the independent body will bring together government, universities, and the private sector to support the key focus areas of the national strategy: compound chips, design, and research and development. Specific

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