The UK’s Under Secretary of State for the Department of Science, Innovation and Technology, Minister Saqib Bhatti, recently spoke out regarding the nation’s chip industry and investment.
He commented that the sector needed to become more proactive when fostering skills and seeking new investment opportunities.
Bhatti assumed the post of Technology Minister last November and recently co-chaired the latest edition of the Semiconductor Advisory Panel (SAP). In a comment to the press, the MP (member of parliament) stated that UK companies operating in the chip industry needed to make the most of available expertise and funding to strengthen what is a critical sector for the UK economy.
The SAP meeting saw Bhatti rally behind calls from industry leaders, encouraging them to spread the word regarding investment opportunities that are currently being missed.
Last year, the government’s UK Infrastructure Bank (UKIB) supplied British chip maker Pragmatic with £60 million worth of investment. UKIB has a total of £22 billion of investment available for local authorities and private sector firms for infrastructure projects.
Britain’s Minister for Technology commented:
“I’m very keen for other companies, whether it’s start-ups or companies looking to scale, to take advantage of the funding available.”
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