The Institute will be a single point of contact to promote the sector to investors and attract foreign investment in British research expertise
It will bring together government, universities and the private sector to support key components of the government’s Semiconductor Strategy.
The aim is that in the future the Institute will be established as an independent organisation tasked with making sure chip researchers have the tools and infrastructure needed to drive their work forward in these focus areas and convert their innovation into market-ready products.
As further international semiconductor agreements are made, the Institute will also act as a coordinated entry point for technology businesses and international partners who want to work with the UK semiconductor sector to boost innovation, research and commercialisation.
“The UK Semiconductor Institute will unify the semiconductor sector to focus our talented researchers on securing our status at the cutting edge of semiconductor science,” says Technology Minister Saqib Bhatti, “this is a hugely significant milestone on our journey to becoming a science and tech superpower by 2030.”