Public seed-stage funding for British microchip startups and incentives for venture capitalists are among the measures being considered by the government in its upcoming semiconductor strategy, according to reports.
The state-owned British Business Bank, Innovate UK and the National Security Strategic Investment Fund are being considered as channels to provide the taxpayer funding, according to sources who spoke to Bloomberg.
Subsidies would form part of a government-led approach to boost the UK’s semiconductor industry and ensure it is less reliant on East Asia and less exposed to supply chain issues.
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