UK plans to invest $1.26 billion in semiconductors 

UK plans to invest $1.26 billion in semiconductors.

After receiving appeals for assistance from the leaders of some of the nation’s top companies, the U.K. said on Friday that it would provide up to £1 billion ($1.24 billion) in support for its semiconductor sector.

[{"selector":"#anim-0dabdd53-dc93-4258-b95a-b0ced72b9881 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(9.428571561058549%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The goal is to increase local chipmaking capacity and stop additional supply shortages.

[{"selector":"#anim-e2fce77f-8d97-41ad-a683-3e3cfaca9597 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The United Kingdom will seek to deepen its relationships with foreign partners.

[{"selector":"#anim-74578b8c-cf82-4ee4-9c96-70f20e4f5d2e","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a74440e9-c302-43d3-93b5-fdab88bafe87","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]