UK Government to Bolster AI Chip Industry with Strategic Purchases

The UK government plans to make strategic purchases of AI chips from local firms to strengthen the domestic semiconductor industry. Technology Secretary Liz Kendall announced this initiative during London Tech Week, aiming for a 5% global market share worth £37 billion. The government will support this with funding and skill investments. This move responds to the challenges of losing key chip companies to foreign buyers, ensuring guaranteed demand for British tech.