The UK government is reportedly planning to use direct purchasing to encourage British technology companies to stay based in the country. According to the Telegraph and as summarized by The Next Web and Bloomberg, Technology Secretary Liz Kendall will outline plans at London Tech Week, describing “strategic purchases” of semiconductor equipment from UK-based firms. The proposal includes the government offering to buy AI chips produced by British companies, with the aim of reducing incentives for firms to move operations to the United States. The reports also say the approach is intended to provide support for domestic supply chains and to use public resources, including taxpayer-backed funding, as part of the scheme. While the articles describe the policy direction and the expected announcement, they do not provide further details such as the size of the purchases, which companies would qualify, or the terms and timelines for participation. The proposal is therefore presented as a plan to be discussed or announced, rather than a completed program.
UK considers buying AI chips from British firms to help keep semiconductor work in-country
The UK government is reportedly planning to use direct purchasing to encourage British technology companies to stay based in the country. According to the Telegraph and as summarized by The Next Web a...
- The UK government is considering “strategic purchases” of semiconductor-related products.
- Reports say the plan involves offering to buy AI chips from UK-based technology firms.
- Technology Secretary Liz Kendall is expected to describe the initiative at London Tech Week.
- The stated goal is to encourage companies to keep operations in Britain rather than moving to the US.
- The reports indicate taxpayer-backed funding could be part of the approach.
The UK government will offer to buy AI chips directly from British technology companies in a bid to keep them in the country. Technology Secretary Liz Kendall will outline plans for “strategic purchases” of semiconductor equipment from UK-based firms at London Tech Week this week, the Telegraph reported. The initiative includes access to taxpayer-backed funding […] This story continues at The Next Web
2 months agoThe UK will offer to buy artificial intelligence chips from technology companies in an effort to encourage them to stay in Britain, the Telegraph reported on Sunday.
2 months ago
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