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. Specifically, the institute has three main tasks. The first one is ensuring that chip researchers have the necessary tools and infrastructure to advance…

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