Meeting The Moment
Continuing technology advancements and the growing need for proven supply chain resilience means the UK will need to adopt a more holistic approach to its semiconductor strategy, looking beyond the needs of any one company. Based on independent interviews with industry, end-users, investors and policymakers, this report begins that process, setting out a vision for a strategic UK approach to semiconductors, both in its domestic industry and its broader role in the shared value chain.
The recommendations set out in the report are intended as the starting point for a wider debate on the future of the UK’s semiconductor strategy. They reject an approach based on massive investment in local manufacturing capacity, or ‘onshoring’, as is being pursued in other parts of the world. Instead, the view taken is that the UK should double down on its comparative advantage in semiconductor design, while simultaneously seeking to strengthen the security of supply through new strategic international alliances in semiconductors.