Lucy Powell responds to the government’s semiconductor strategy

Lucy Powell MP, Labour’s Shadow Secretary of State for Digital, Culture, Media and Sport, responding to the government’s semiconductor strategy, said:

“After years of delays, this strategy will be met with disappointment by the scale of its ambition.

“This failing Conservative government is still not clear what role they will play in developing capacity and resilience in the UK’s semiconductor capabilities. Rather than the £1bn headline, the reality is £200m over the next three years – significantly less ambition than our competitors. Following the listing of ARM in the US, this strategy offers little assurance we can maintain and grow an industry vital for growth and national security.  

“Labour is ambitious for this crucial sector with plans for an active government working in partnership with industry to ensure we retain and grow our world-leading capabilities.”