The 20-year plan sets out how the UK will safeguard supply chains for the technology and protect it against national security risks.
The investment, which will be spread over the next decade and includes up to £200m over the next two years, should improve access to infrastructure, power more research and development, and facilitate greater international cooperation for firms in the sector.
It will look at whether better access to prototyping facilities for chip firms is needed to tackle barriers to innovation and grow the industry. It will also explore opportunities to make specialist software tools more available for start-ups.
It comes as Prime Minister Rishi Sunak visits the G7 leaders’ Summit in Japan for discussions on strengthening technology ties with the country.
Over a trillion semiconductors are manufactured each year, and the global semiconductor market is forecast to reach $1tn by 2030. They will underpin future technologies, such as artificial...