The UK government is providing £11.5m in funding to support 16 scaleup businesses in the semiconductor industry, a sector valued at nearly £10bn.
With this funding initiative, leading entities like Vector Photonics and Quantum Advanced Solutions will enhance critical technologies in medical and defence sectors.
The semiconductor market is projected to grow from £10bn to £17bn by 2030, showcasing the urgency of innovation to match rising demand.
The G7 stakeholders forum aims to address vital issues for the semiconductor industry, focusing on innovation, sustainability, and the effects of government policies.
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