Game over.
quote: we are waiting for the government to come out with a semiconductor strategy.
Why are we waiting? Everything the British government touches, fails. Especially in tech. They are the last people you want to involve themselves in your sector.
Nationalised tech has always been little more than a sexy version of British Leyland. I guess they want free money to build a chip plant and replicate what half a dozen other countries are now doing. The nationalist dream is not very green is it? It also costs billions and takes a decade. The UK doesn't have the cash any more and Sterling is worth 25% less courtesy of Brexit and everything is priced in USD, so what we do have doesn't go so far.
The UK needs better water management. It needs green power and EV infrastructure. It need to grow more fruit and veg. All of this needs subsidies. What do you prioritise?
Maybe the biggest problem is that VC in the UK works like an ATM. Money in, money out. Never much of an attempt to build a GAFA-style business. The US have Google. We have Crapita.
We do have great innovation. Sir Clive was attempting to build electric vehicles decades before Musk. Imagine what a decade or two of development in association with someone like Lotus might have come up with.
Does the UK even need to be technologically self-sufficient, when we build bugger all? We were brilliant in the 80s. But aside from the Raspberry Pi, how much retail tech do we build here? The jewel in the crown, ARM, got flogged off, with big payouts for some folk.
The future is not in AI, but it may be in distributed processing. Only nobody is trying to build GAFA 2.0 by doing that. And it is actually quite cheap - no subsidies required.
quote: Europe and the UK needed to have access to critical technologies so as not to be dependent on other countries such as the US.
Why clump Europe and the UK together? The EU is now a competitor. A dependency upon the EU is no different to a dependency upon the US or Japan. We jumped out of the window and we haven't even hit the floor yet. The UK is now isolated. It doesn't have enough people to dig up carrots, it can't afford the energy to plant tomatoes and some hospitals are ending gas painkillers for giving birth - switching back to old school screaming I guess. This is (badly) managed decline and you want free cash to build a miniature silicon valley here? Building anything increases your carbon footprint at a time when people are being fined for driving into cities and have to crawl from A to B in residential areas at walking pace in their EVs. Drought incoming for the summer again, despite plenty of warnings. This country has no future. You want to do well in tech, emigrate.