A company behind plans to build a £68m semiconductor chip factory in the North East has called into question the Government new strategy for its sector.
Pragmatic Semiconductor aims to create more than 100 jobs when it opens production at its 175,000 sqft Meadowfield site later this year. The firm has previously called for the Government to back UK semiconductor manufacturers but now a much-awaited strategy has been published, Pragmatic's founder has called into question its effectiveness.
The National Semiconductor Strategy promises £1bn of investment over 10 years into what it says are UK's strengths in design, research and development, and compound semiconductors. But critics of the plan say it pales in comparison to spending by the US and EU, and does not go far enough to boost domestic production seen as vital to secure supply chains.
