Britain must start reshoring computer chip production before it’s too late, Rishi Sunak has been told.
Two of Britain’s pre-eminent microprocessor design companies have urged the Prime Minister to start lobbying big manufacturers to set up shop here, warning that Britain risks losing out without action.
“It’s not a case of ‘if the UK Government doesn’t support this, these things won’t go ahead’,” said Scott White of Cambridge-based Pragmatic Semiconductor. “They’ll just go ahead somewhere else and the UK won’t get the value creation from it.”
We’ll not carry the cost, nor gain the profit. We’ll also get to use all those wondrous new chips which is where the actual value is. So, let Johnny Foreigner make them then.
For anyone who really does want to invest and gain the profit Johnny F might well be willing to sell a few shares, after all. TMSC is quoted, for example.