UK to Subsidize Semiconductor Firms in Bid to Make Domestic Chips

UK to Subsidize Semiconductor Firms in Bid to Make Domestic Chips

From bnnbloomberg.ca

The UK government will provide direct taxpayer funding to support British semiconductor companies as part of a strategy for a sector that has become a lightning rod in global geopolitics, according to officials familiar with the plans. This will include seed money for startups, help for existing firms to scale up, as well as providing new incentives for private venture capital, the officials said. Ministers will set up a semiconductor task force to coordinate public and private support to ramp up UK manufacturing of compound semiconductors in the next three years, they added. An overall figure has not been agreed ... (full story)

- Older Stories
Tanzanian Assets Deliver Record Production and Create Long-Term Value
From barrick.com|Jan 25, 2023
Barrick’s two gold mines in Tanzania, North Mara and Bulyanhulu, boosted their combined output to 547,0001 ounces in 2022, achieving another step towards their potential Tier One2 ...
BOC's Gov. Macklem: The likelihood of a wage-price spiral has decreased
From @financialjuice|Jan 25, 2023
tweet at 11:29am: BOC'S GOV. MACKLEM: THE LIKELIHOOD OF A WAGE-PRICE SPIRAL HAS DECREASED. tweet at 11:32am: BOC'S GOV. MACKLEM: IT WILL NOT FEEL GOOD IF THE ECONOMY STALLS, BUT WE NEED THIS PERIOD OF NO GROWTH. tweet at 11:34am: BOC'S GOV. MACKLEM: THERE MAY BE A MILD RECESSION, BUT IT WILL NOT BE A CONTRATCION.
BOC's Gov. Macklem: If inflation falls, it will be proof that BOC has done enough
From @financialjuice|Jan 25, 2023
tweet at 11:16am: BOC'S GOV. MACKLEM: IF INFLATION FALLS, IT WILL BE PROOF THAT BOC HAS DONE ENOUGH. tweet at 11:15am: BOC'S GOV. MACKLEM: WHEN ASKED WHAT HE WOULD NEED TO SEE TO RAISE INTEREST RATES AGAIN, HE SAYS HE WOULD LOOK FOR AN ACCUMULATION OF EVIDENCE. tweet at 11:17am: BOC'S GOV. MACKLEM: SERVICE INFLATION WILL TAKE LONGER TO DECLINE. tweet at 11:17am: Boc's gov. macklem: service inflation will take longer to decline. tweet at 11:20am: BOC’S MACKLEM: IT IS ‘FAR TOO EARLY TO TALK ABOUT RATE CUT’; INFLATION STILL 6% VS. 2% TARGET #interestrates #inflation #Canada #economy

- Newer Stories
Gold steady as yields and US dollar remain undermined
From forex.com|Jan 25, 2023
After silver’s big plunge on Monday, both precious metals have managed to steady the ship, suggesting the move at the start of the week was probably a bear trap. The US dollar has ...
Bank of Canada at the peak
From think.ing.com|Jan 25, 2023
A 25bp rate hike from the Bank of Canada with a pause declared given expectations of a stalling economy and sharply lower inflation. While suggesting they could hike further if ...
Visualizing the New Era of Gold Mining
From visualcapitalist.com|Jan 25, 2023
Between 2011 and 2020, the number of major gold discoveries fell by 70% relative to 2001-2010. The lack of discoveries, alongside stagnating gold production, has cast a shadow of ...

Related Stories