UK Semiconductor Industry Strengths Report

This report, published by the Business, Energy and Industrial Strategy (BEIS) Select Committee, investigates the strengths and weaknesses of the semiconductor industry in the UK. The Committee gathered evidence from various industry representatives and highlights the urgent need for the Government to publish its long-awaited Semiconductor Strategy, which has been pending for nearly two years. A key recommendation is for the Government to enhance the UK’s semiconductor design and intellectual property expertise, particularly in advanced nodes, where the UK has notable strengths exemplified by companies like Arm and Imagination Technologies. The report also discusses the limitations of UK manufacturing capabilities and suggests exploring partnerships with allies in the US, EU, Taiwan, and South Korea to secure a stable supply chain. Additionally, it addresses national security concerns regarding foreign ownership of UK companies and advocates for more prompt government action under the National Security and Investment Act. The report concludes by emphasizing the necessity for the UK to leverage its existing strengths in the semiconductor sector.