“British semiconductor bosses threaten to move overseas as U.S. and EU splurge on chips”
February 13, 2023
“The U.K.’s semiconductor industry is crying out for financial support from the government, with insiders warning the country risks losing its microchip firms to the U.S. and other countries if it doesn’t act soon…
Pragmatic Semiconductor, a Cambridge, England-based startup that produces nonsilicon chips, warned it may be forced to relocate overseas if the government doesn’t issue a plan for the industry soon…
“We would love to stay in the UK and have committed to grow in the UK … but we also have to do what shareholders want and go where the money is,” Americo Lemos, IQE’s CEO, told The Times newspaper...”
https://www.cnbc.com/2023/02/13/uk-semiconductor-strategy-chip-firms-threaten-to-move-overseas.html