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2023-01-25 17:24:06

UK to subsidise semiconductor firms to make domestic chips - Bloomberg

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Channel NewsAsia
By Cna

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LONDON : The British government plans to provide taxpayer funding to support the country's semiconductor companies, Bloomberg reported on Wednesday.

The support will include seed money for startups, help for existing firms to scale up and new incentives for private venture capital, Bloomberg reported, citing officials familiar with the plans.

A British government spokesperson said they do not comment on speculation when asked about the report, adding that the country's semiconductor strategy will be published in due course.

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