UK to establish independent Semiconductor Institute following IfM Engage study recommendation

The decision to create a new independent UK Semiconductor Institute follows a key recommendation from an IfM Engage study. The institute will be vital in supporting the government’s £1 billion Semiconductor Strategy, which aims to unite and advance the UK’s semiconductor sector.

The creation of the UK Semiconductor Institute, recommended by IfM Engage in a Department for Science, Innovation and Technology-commissioned report and supported by the Semiconductor Advisory Panel, aims to create long-term momentum for the industry.

The report was the result of a ten-month study, during which data and information was collected from over 185 organisations and 400 individuals from across the UK. Delivered by a Consortium led by IfM Engage, the study identified key initiatives that could help develop a strong semiconductor industry in the UK, including establishing a UK National Semiconductor Institute to oversee strategic activities and coordinate relevant infrastructural investments.

Study lead Nicky Athanassopoulou, Head of Solution Development at IfM Engage, stated: “This is an extremely important and timely announcement with the potential to deliver far-reaching economic and societal impact.

“IfM Engage was uniquely positioned to bring together industry and academia to deliver this study, and we are delighted that our efforts will help contribute to the growth of the UK’s domestic semiconductor industry, boosting and commercialising leading-edge UK innovation, and providing security of supply for critical national infrastructure.”

The new institute will spearhead efforts to grow the semiconductor sector as part of the government’s £1 billion strategy. Operating independently from the government, it will amplify the industry’s voice and will serve as a central hub to attract investors and boost foreign investment in British semiconductor companies.

Jalal Bagherli, co-chair of the Semiconductor Advisory Panel, said, “The creation of the Semiconductor Institute is a very positive step in advancing the UK semiconductor strategy. The institute concept featured strongly in the IfM consultative study and is seen as an effective way to create long-term momentum for our industry, help in engaging international partners, and attract investment in the sector.”

 

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