📊Executive Summary

SMG has secured £6 million in funding to develop semiconductor manufacturing capabilities in the UK. This investment aims to bolster local production and reduce reliance on foreign semiconductor sources. The initiative is part of a broader strategy to enhance the UK's position in the semiconductor supply chain, which is critical given the global semiconductor shortages and geopolitical tensions affecting supply chains. The funding will support the establishment of new manufacturing facilities and is expected to contribute to the resilience of the UK's electronics supply chain....