Over a century ago, Henry Ford pioneered the mass production of cars and engines to provide transportation at an affordable price. Today, the technology industry manufactures the engines for a new kind of factory—those that produce intelligence. As companies and countries increasingly focus on AI, and move from experimentation to implementation, the demand for AI technologies continues to grow exponentially. Leading system builders are racing to ramp up production of the servers for AI factories—the engines of AI factories—to meet the world's exploding demand for intelligence and growth. Dell Technologies is a leader in this renaissance. Dell and NVIDIA have partnered for decades and continue to push the pace of innovation. In its last earnings call, Dell projected that its AI server business will grow at least $15 billion this year.

"We're on a mission to bring AI to millions of customers around the world," said Michael Dell, chairman and chief executive officer, Dell Technologies, in a recent announcement at Dell Technologies World. "With the Dell AI Factory with NVIDIA, enterprises can manage the entire AI lifecycle across use cases, from training to deployment, at any scale." The latest Dell AI servers, powered by NVIDIA Blackwell, offer up to 50x more AI reasoning inference output and 5x improvement in throughput compared with the Hopper platform. Customers use them to generate tokens for new AI applications that will help solve some of the world's biggest challenges, from disease prevention to advanced manufacturing.

Data drawn from a new in-game poll called Play2Act showed evidence that gaming has the potential to incentivize greener habits among gamers. 79 percent of those respondents who had played games with green messages or environmental content reported making at least one positive behavioural change after playing these games. Among these players, 47 percent report reducing their environmental impact through energy use or public transport, while 34 percent report making greener consumption choices.

Launched in September 2024, Play2Act is a poll embedded in popular games, designed to explore the role of games in tackling the climate and nature crises. The initiative was developed by PlanetPlay, a not-for-profit platform that contributes to environmental action through games, in collaboration with the United Nations Development Programme (UNDP).

Today, the European Commission unveiled its AI Continent Action Plan, establishing a framework to enhance the EU's artificial intelligence computing infrastructure. The plan centers on developing five "AI Gigafactories," each housing approximately 100,000 specialized AI accelerator chips, quadrupling the training throughput capacity of current infrastructure projects. The €20 billion commitment from the EU's InvestAI fund will finance data center construction and semiconductor procurement, supplementing the €10 billion allocated to thirteen smaller AI factories scheduled to become operational by 2026. Site selection remains pending, though Germany's incoming administration under Chancellor designate Friedrich Merz intends to secure a facility within German territory. The Action Plan addresses data infrastructure through Data Labs tasked with standardizing datasets from research institutions and industry partners.

An upcoming Data Union Strategy will establish protocols for cross-border information sharing, creating a unified market for AI-ready data resources across member states. With only 13.5 percent of EU enterprises currently using AI in production environments, the Commission will implement an "Apply AI" initiative focusing on deployment in strategic sectors. This program will utilize European Digital Innovation Hubs to provide implementation support. For talent development, the plan includes fellowship programs, visa pathways for specialized non-EU professionals, and an AI Skills Academy offering training in generative models and machine learning operations. An AI Act Service Desk will provide technical guidance on regulatory compliance. The AI arms race is currently being fought on the front between the US and China, where AI labs are acquiring more accelerators and outputting better models almost weekly. In the EU, the goal is to have AI development on par with the two superpowers, leading to more competition and advancements.

Seeking to explore semiconductor policy measures that can strengthen the industrial policy in the European Union, SEMI and the European Semiconductor Industry Association (ESIA) have successfully held a high-level roundtable event in the European Parliament under the auspices of Members of the European Parliament (MEPs) Bart Groothuis (Renew Europe), Oliver Schenk (European People's Party) and Dan Nica (Socialists and Democrats Party).

The 2023 European Chips Act marked an important milestone for Europe's semiconductor industry and overall industrial ecosystem, providing concrete measures to enhance competitiveness and technological capabilities. In order to build on the success of the Chips Act, after the roundtable, MEPs signed a joint declaration to the European Commission's Executive Vice President for Tech Sovereignty, Security and Democracy, Henna Virkkunen, calling for an ambitious follow-up to the Chips Act that adds new research and development (R&D) funds, attracts new investments, and increases European competitiveness.

ASML Holding N.V. (ASML) and imec, a leading research and innovation hub in nanoelectronics and digital technologies, today announce that they have signed a new strategic partnership agreement, focusing on research and sustainability. The agreement has a duration of five years and aims to deliver valuable solutions in two areas by bringing together ASML's and imec's respective knowledge and expertise. First, to develop solutions that advance the semiconductor industry and second, to develop initiatives focused on sustainable innovation.

The collaboration incorporates ASML's whole product portfolio, with a focus on developing high-end nodes, using ASML systems including 0.55 NA EUV, 0.33 NA EUV, DUV immersion, YieldStar optical metrology and HMI single- and multi-beam technologies. These tools will be installed in imec's state-of-the-art pilot line and incorporated in the EU- and Flemish-funded NanoIC pilot line, providing the most advanced infrastructure for sub-2 nm R&D to the international semiconductor ecosystem. Focus areas for R&D will also include silicon photonics, memory and advanced packaging, offering full stack innovation for future semiconductor-based AI applications in diverse markets.

Codasip, the European RISC-V leader, announced that it has been selected to provide a general purpose, high-end processor as part of the large-scale European supercomputing project Digital Autonomy with RISC-V in Europe (DARE).

DARE is set to build a supercomputing compute stack, featuring high-performance and energy-efficient RISC-V-based processors and accelerators designed and developed in Europe. The European Union has committed 240 million Euros in funding for the first 3-year program phase. The selected partners will leverage hardware/software co-design to achieve competitive performance and efficiency.

The European Commission has paid Intel €515.55 million ($536 million) in interest following the partial annulment of a 2009 antitrust fine. The payment comes after the General Court of the European Union overturned most of the original €1.06 billion penalty in 2022, leaving only €376 million of the fine intact. The court's ruling found significant flaws in the Commission's economic analysis of Intel's market practices between 2002 and 2007. At issue were Intel's volume-based rebates to computer manufacturers, which the Commission had claimed prevented fair competition with AMD in the x86 processor market. The General Court determined that regulators failed to adequately demonstrate the anti-competitive effects of these pricing strategies. EU antitrust commissioner Teresa Ribera confirmed the interest payment, which reimburses Intel for capital held by regulators during the 13-year legal proceedings.

The case began in 2009, with the Commission ruling that Intel had used its market position to restrict competitor access through targeted rebate programs in years prior. Intel challenged this decision in 2014, leading to multiple appeals before the 2022 judgment. The resolution establishes new parameters for proving anti-competitive behavior in the EU's tech sector oversight. The court's emphasis on rigorous economic analysis impacts ongoing and future competition cases, particularly regarding evaluating complex pricing mechanisms in the technology sector. The payment concludes one of the EU's longest-running competition law cases, though Intel continues to face regulatory scrutiny in multiple jurisdictions. The case's outcome has prompted discussion about the Commission's approach to economic evidence in competition proceedings and the duration of EU antitrust investigations. At the time of financial issues, more than half a billion US Dollars will help Intel resolve internal crises significantly.

The pilot line for "Advanced Packaging and Heterogeneous Integration for Electronic Components and Systems" (APECS) marks a major leap forward in strengthening Europe's semiconductor manufacturing capabilities and chiplet innovation as part of the EU Chips Act. By providing large industry players, SMEs, and start-ups with a facilitated access to cutting-edge technology, the APECS pilot line will establish a strong foundation for resilient and robust European semiconductor supply chains. Within APECS, the institutes collaborating in the Research Fab Microelectronics Germany (FMD) will work closely with European partners, to make a significant contribution to the European Union's goals of increasing technological resilience, strengthening cross-border collaboration and enhancing its global competitiveness in semiconductor technologies. APECS is co-funded by the Chips Joint Undertaking and national funding authorities of Austria, Belgium, Finland, France, Germany, Greece, Portugal, Spain, through the "Chips for Europe" initiative. The overall funding for APECS amounts to €730 million over 4.5 years.

Europe is home to a vibrant ecosystem of (hidden) champions, from traditional enterprises in vertical markets, to SMEs and start-ups the competitive advantages of which lie in superior semiconductor-based solutions. Nevertheless, many of these companies are currently confronted with limited access to advanced semiconductor technologies, while at the same time these technologies are increasingly becoming the most important factor for innovation and market growth.

TechPowerUp partners with PC case, cooling, and power brand Chieftec to announce the Winter 2024 Mega Giveaway, for our readers in the EU. Chieftec has been in the industry for over 30 years, specializing in server, workstation, and commercial desktop hardware, but is now looking to expand in the DIY gaming PC space. The company brings its expertise in case design, power, and cooling, to the gaming PC space, and has a comprehensive lineup of cases, CPU coolers, fans, and power supplies, catering to a broad range of prices. Today, we have as many as six prizes from the Chieftec lineup, open to our readers in the European Union.

Up for grabs are a Chieftec Iceberg 360 RGB AIO liquid CPU cooler; a Chieftec Iceberg 360 Black AIO liquid CPU cooler; a Chieftec APEX E-ATX mid-tower case, a Chieftec M2 Micro-ATX tower case; a Chieftec PowerPlay 1200 W power supply; and a Chieftec Atmos 850 W power supply.

For more information, and to participate, visit this page.

Microsoft's Office suite is the staple in productivity tools, with millions of users entering sensitive personal and company data into Excel and Word. According to @nixCraft, an author from Cyberciti.biz, Microsoft left its "Connected Experiences" feature enabled by default, reportedly using user-generated content to train the company's AI models. This feature is enabled by default, meaning data from Word and Excel files may be used in AI development unless users manually opt-out. As a default option, this setting raises security concerns, especially from businesses and government workers relying on Microsoft Office for proprietary work. The feature allows documents such as articles, government data, and other confidential files to be included in AI training, creating ethical and legal challenges regarding consent and intellectual property.

Disabling the feature requires going to: File > Options > Trust Center > Trust Center Settings > Privacy Options > Privacy Settings > Optional Connected Experiences, and unchecking the box. Even with an unnecessary long opt-out steps, the European Union's GPDR agreement, which Microsoft complies with, requires all settings to be opt-in rather than opt-out by default. This directly contradicts EU GDPR laws, which could prompt an investigation from the EU. Microsoft has yet to confirm whether user content is actively being used to train its AI models. However, its Services Agreement includes a clause granting the company a "worldwide and royalty-free intellectual property license" to use user-generated content for purposes such as improving Microsoft products. The controversy raised from this is not new, especially where more companies leverage user data for AI development, often without explicit consent.

The European Union has recently approved the AI Act, a new type of regulation to ensure the safe and responsible development of artificial intelligence (AI) within the EU. This legislation marks the first case in the global efforts to regulate AI, as it sets a new standard for transparency, accountability, and ethical considerations in AI development and deployment. The AI Act, also known as the KI-Gesetz, is designed to address concerns about the potential risks and negative impacts of AI on society. Key aspects of the regulation include the requirement for AI systems to be transparent and explainable, ensuring that they are not discriminatory and environmentally friendly. Furthermore, the AI Act emphasizes the importance of human oversight in AI development and deployment, ensuring that other technologies do not solely control AI systems.

The regulation also includes specific restrictions on certain AI applications, such as mass surveillance using biometric data or the evaluation of social behavior, similar to China's Social Scoring system. Additionally, emotion recognition, both in the workplace and educational settings, is prohibited under the new law. While the AI Act has been widely praised for its forward-thinking approach, there are also concerns about the potential limitations and challenges it may pose. The Digital Industry Association, Bitkom, has criticized the law for leaving certain questions unanswered and warning that the regulations may become outdated within two years. The AI Act is set to come into effect in the coming weeks, with full implementation expected by 2026. The regulation will apply to all entities developing, offering, or using AI systems within the EU, including both public and private parties. This comprehensive approach aims to ensure that AI is developed and used in a way that benefits society while minimizing potential risks.

Silicon Box, a cutting-edge, advanced panel-level packaging foundry announced its intention to collaborate with the Italian government to invest up to $3.6 billion (€3.2 billion) in Northern Italy, as the site of a new, state-of-the-art semiconductor assembly and test facility. This facility will help meet critical demand for advanced packaging capacity to enable next generation technologies that Silicon Box anticipates by 2028. The multi-year investment will replicate Silicon Box's flagship foundry in Singapore which has proven capability and capacity for the world's most advanced semiconductor packaging solutions, then expand further into 3D integration and testing. When completed, the new facility will support approximately 1,600 Silicon Box employees in Italy. The construction of the facility is also expected to create several thousand more jobs, including eventual hiring by suppliers. Design and planning for the facility will begin immediately, with construction to commence pending European Commission approval of planned financial support by the Italian State.

As well as bringing the most advanced chiplet integration, packaging, and testing to Italy, Silicon Box's manufacturing process is based on panel-level-production; a world leading, first-of-its-kind combination that is already shipping product to customers from its Singapore foundry. Through the investment, Silicon Box has plans for greater innovation and expansion in Europe, and globally. The new integrated production facility is expected to serve as a catalyst for broader ecosystem investments and innovation in Italy, as well as the rest of the European Union.

IBM applauds the EU Parliament's decision to adopt the EU AI Act, a significant milestone in establishing responsible AI regulation in the European Union. The EU AI Act provides a much-needed framework for ensuring transparency, accountability, and human oversight in developing and deploying AI technologies. While important work must be done to ensure the Act is successfully implemented, IBM believes the regulation will foster trust and confidence in AI systems while promoting innovation and competitiveness.

"I commend the EU for its leadership in passing comprehensive, smart AI legislation. The risk-based approach aligns with IBM's commitment to ethical AI practices and will contribute to building open and trustworthy AI ecosystems," said Christina Montgomery, Vice President and Chief Privacy & Trust Officer at IBM. "IBM stands ready to lend our technology and expertise - including our watsonx.governance product - to help our clients and other stakeholders comply with the EU AI Act and upcoming legislation worldwide so we can all unlock the incredible potential of responsible AI." For more information, visit watsonx.governance and ibm.com/consulting/ai-governance.

Tech giant Microsoft and Paris-based startup Mistral AI, an innovator in open-source AI model development, have announced a new multi-year partnership to accelerate AI innovation and expand access to Mistral's state-of-the-art models. The collaboration will leverage Azure's cutting-edge AI infrastructure to propel Mistral's research and bring its innovations to more customers globally. The partnership focuses on three core areas. First, Microsoft will provide Mistral with Azure AI supercomputing infrastructure to power advanced AI training and inference for Mistral's flagship models like Mistral-Large. Second, the companies will collaborate on AI research and development to push AI model's boundaries. And third, Azure's enterprise capabilities will give Mistral additional opportunities to promote, sell, and distribute their models to Microsoft customers worldwide.

However, an investment in a European startup can not go smoothly without the constant eyesight of the European Union authorities and regulators to oversee the deal. According to Bloomberg, an EU spokesperson on Tuesday claimed that the EU regulators will perform an analysis of Microsoft's investment into Mistral after receiving a copy of the agreement between the two parties. While there is no formal investigation yet, if EU regulators continue to probe Microsoft's deal and intentions, they could launch a complete formal investigation that could lead to the termination of Microsoft's plans. Of course, the formal investigation is still on hold, but investing in EU startups might become unfeasible for American tech giants if the EU regulators continue to push the scrutiny of every investment made in companies based on EU soil.

Apple has just been hit with a massive €500 million fine by the European Union over a complaint filed by Spotify over anti-competitive practices. The crux of the complaint is that while Spotify subscriptions purchased on its website are competitive to those of Apple Music, subscriptions purchased on Apple devices via the App Store incur a 30% commission to Apple, which would result in Spotify having to increase its subscription prices, making Spotify lose competitiveness to Apple Music, which comes pre-installed on iOS devices, is deeply integrated with the operating system, and costs less. The Spotify complaint was filed with the European Commission way back in 2019, with the ruling coming out just now. Apple is already facing the EU's heat over barriers to App Store alternatives in the Epic Games case. The company is implementing several platform-level changes with the upcoming iOS 17.4 update scheduled for March 2024, as well as changes to its terms of service. Hopefully Spotify gets its due.

Apple today announced changes to iOS, Safari, and the App Store impacting developers' apps in the European Union (EU) to comply with the Digital Markets Act (DMA). The changes include more than 600 new APIs, expanded app analytics, functionality for alternative browser engines, and options for processing app payments and distributing iOS apps. Across every change, Apple is introducing new safeguards that reduce—but don't eliminate—new risks the DMA poses to EU users. With these steps, Apple will continue to deliver the best, most secure experience possible for EU users.

The new options for processing payments and downloading apps on iOS open new avenues for malware, fraud and scams, illicit and harmful content, and other privacy and security threats. That's why Apple is introducing protections—including Notarization for iOS apps, an authorization for marketplace developers, and disclosures on alternative payments—to reduce risks and deliver the best, most secure experience possible for users in the EU. Even with these safeguards in place, many risks remain.

The European Commission has re-imposed a fine of around €376.36 million on Intel for a previously established abuse of dominant position in the market for computer chips called x86 central processing units ('CPUs'). Intel engaged in a series of anticompetitive practices aimed at excluding competitors from the relevant market in breach of EU antitrust rules.

With today's decision, we are re-imposing a €376.36 million fine on Intel for having abused its dominant position in the computer chips market. Intel paid its customers to limit, delay or cancel the sale of products containing computer chips of its main rival. This is illegal under our competition rules. Our decision shows the Commission's commitment to ensure that very serious antitrust breaches do not go unsanctioned. - Commissioner Didier Reynders, in charge of competition policy

International Data Corporation (IDC) today published its second forecast for the worldwide quantum computing market, projecting customer spend for quantum computing to grow from $1.1 billion in 2022 to $7.6 billion in 2027. This represents a five-year compound annual growth rate (CAGR) of 48.1%. The forecast includes base quantum computing as a service as well as enabling and adjacent quantum computing as a service.

The new forecast is considerably lower than IDC's previous quantum computing forecast, which was published in 2021. In the interim, customer spend for quantum computing has been negatively impacted by several factors, including: slower than expected advances in quantum hardware development, which have delayed potential return on investment; the emergence of other technologies such as generative AI, which are expected to offer greater near-term value for end users; and an array of macroeconomic factors, such as higher interest and inflation rates and the prospect of an economic recession.

TSMC (TWSE: 2330, NYSE: TSM), Robert Bosch GmbH, Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY), and NXP Semiconductors N.V. (NASDAQ: NXPI) today announced a plan to jointly invest in European Semiconductor Manufacturing Company (ESMC) GmbH, in Dresden, Germany to provide advanced semiconductor manufacturing services. ESMC marks a significant step towards construction of a 300 mm fab to support the future capacity needs of the fast-growing automotive and industrial sectors, with the final investment decision pending confirmation of the level of public funding for this project. The project is planned under the framework of the European Chips Act.

The planned fab is expected to have a monthly production capacity of 40,000 300 mm (12-inch) wafers on TSMC's 28/22 nanometer planar CMOS and 16/12 nanometer FinFET process technology, further strengthening Europe's semiconductor manufacturing ecosystem with advanced FinFET transistor technology and creating about 2,000 direct high-tech professional jobs. ESMC aims to begin construction of the fab in the second half of 2024 with production targeted to begin by the end of 2027.

The Council has today approved the regulation to strengthen Europe's semiconductor ecosystem, better known as the 'Chips Act'. This is the last step in the decision-making procedure. The Chips Act aims to create the conditions for the development of a European industrial base in the field of semiconductors, attract investment, promote research and innovation and prepare Europe for any future chip supply crisis. The programme should mobilise €43 billion in public and private investment (€3.3 billion from the EU budget), with the objective of doubling the EU's global market share in semiconductors, from 10% now to at least 20% by 2030.

With the Chips Act, Europe will be a frontrunner in the world semiconductors race. We can already see it in action: new production plants, new investments, new research projects. And in the long run, this will also contribute to the renaissance of our industry and the reduction of our foreign dependencies. - Héctor Gómez Hernández, Spanish Minister for Industry, Trade and Tourism

Last week the European Union agreed on the provisional adoption of a new regulation that "strengthens sustainability rules for batteries and waste batteries. The regulation will regulate the entire life cycle of batteries - from production to reuse and recycling - and ensure that they are safe, sustainable and competitive." More specific terms include: "by 2027 portable batteries incorporated into appliances should be removable and replaceable by the end-user, leaving sufficient time for operators to adapt the design of their products to this requirement. This is an important provision for consumers." Although gaming handhelds are not referred to in specifics within the European Council's (very general) press material, Overkill (a site specializing in Steam Deck, Nintendo Switch and adjacent platforms) sought to investigate this matter further.

The publication was able to get in direct contact with an unnamed source at the European Union, who confirmed that: "the batteries of gaming handhelds are covered by the batteries and waste batteries regulation." The article proposes that future battery requirements will likely not affect current generation products—a Steam Deck successor and Nintendo's hypothetical Switch 2 are perhaps the prime candidates for internal design revisions according to EU legislation set for 2027. Overkill anticipates that portable gaming device manufacturers are going to question some of the new rules—similar to how smartphone makers have appealed against certain decisions. A compromise could be agreed upon, with slightly refashioned handhelds not conforming 100% to the new standards.

Intel and the German federal government have signed a revised letter of intent for Intel's planned leading-edge wafer fabrication site in Magdeburg, the capital of Saxony-Anhalt state in Germany. The agreement encompasses Intel's expanded investment in the site, now expected to be more than 30 billion euros for two first-of-a-kind semiconductor facilities (also known as "fabs") in Europe, along with increased government support that includes incentives, reflecting the expanded scope and change in economic conditions since the site was first announced.

Intel acquired the land for the project in November 2022, and the first facility is expected to enter production in four to five years following the European Commission's approval of the incentive package. Given the current timeline and scale of the investment, Intel plans to deploy more advanced Angstrom-era technology in the facilities than originally envisioned. The Magdeburg site will serve Intel products and Intel Foundry Services customers.

According to the report coming from Bloomberg, European Union has approved as much as 8.1 billion Euros (about 8.6 billion USD) for research of advanced semiconductors. Accompanied by the 13.7 billion Euros in private funds, the total investment for boosting domestic semiconductor manufacturing in the EU is almost 22 billion Euros. As part of the European CHIPS Act, the project aims to develop Europe as the world's semiconductor powerhouse, with as much as 20% of all semiconductors produced in the EU by 2030. This ambitious goal is backed by state subsidies, as well as investors creating private pools of funds to aid companies in creating semiconductor manufacturing facilities on European soil.

This Important Project of Common European Interest (IPCEI) on Microelectronics and Communication Technologies is an essential step for Europe's semiconductor independence. Internal Market Commissioner Thierry Breton noted, "In a geopolitical context of de-risking, Europe is taking its destiny into its own hands. By mastering the most advanced semiconductors, the EU will become an industrial powerhouse in markets of the future." Companies like Intel, Infineon, STMicroelectronics, GlobalFoundries, and Wolfspeed announced European investments, with TSMC considering a production facility in Germany. German Economy Minister Robert Habeck has noted that Germany has 31 projects in 11 regions, adding, "We can thus increase resilience across Europe in this important field and secure value creation and jobs."

OpenAI's CEO, Sam Altman, is currently exploring the UK and Europe on a PR-related "mini" world tour, and protesters have been following these proceedings with much interest. UK news outlets have reported that a demonstration took place outside of a university building in London yesterday, where the UCL Events organization hosted Altman as part of a fireside discussion about the benefits and problems relating to advanced AI systems. Attendees noted that Altman expressed optimism about AI's potential for the creation of more jobs and reduction in inequality - despite calls for a major pause on development. He also visited 10 Downing Street during the British leg of his PR journey - alongside other AI company leaders - to talk about potential risks (originating from his industry) with the UK's prime minister. Discussed topics were reported to include national security, existential threats and disinformation.

At the UCL event, Altman touched upon his recent meetings with European regulators, who are developing plans for advanced legislation that could lead to targeted laws (applicable to AI industries). He says that his company is "gonna try to comply" with these potential new rules and agrees that some form of regulation is necessary: "something between the traditional European approach and the traditional US approach" would be preferred. He took issue with the potential branding of large AI models (such as OpenAI's ChatGPT and GPT-4 applications) as "high risk" ventures via the European Union's AI Act provisions: "Either we'll be able to solve those requirements or not...If we can comply, we will, and if we can't, we'll cease operating… We will try. But there are technical limits to what's possible."

The United Kingdom's Prime Minister Rishi Sunak has recently announced a semiconductor-related partnership with with Japan (at the G7 Hiroshima Summit), as well as a $1 billion ($1.25 billion) support package for microchip industries within the UK - with the intended goal of turning the nation into a "technology superpower." The 10-year investment strategy was initially expected to kick of last Autumn, but the announcement was delayed, for various reasons, to last weekend's intergovernmental political forum held in Japan. Sunak hopes that the new strategy "will grow our economy, create new jobs and (make the UK) stay at the forefront of new technological breakthroughs."

The United Kingdom's microchip industry has been described as a "fledgling" operation when compared to its neighbors' undertakings, and industry figures think that the government's pledge of £1 billion in support is "insignificant" in the grand scheme of things. They cite the USA's CHIPS Act ($52 billion) and an equivalent scheme devised by the European Union (€43 billion of aid) as glowing examples of proper expenditure and reinforcement of their respective semiconductor industries. One technology critic thinks that the UK's support package is good enough for improving research and development departments, but it will in no way pave the way for local companies to reach the same level as big international players such as NVIDIA, Qualcomm, Broadcom and AMD. Cambridge, UK-based firm Arm opted to file for an IPO in the United States earlier this month, and ignored London's stock exchange entirely - the semiconductor and software design company is wholly owned by Japan's Softbank - prior to a change in ownership, Arm was viewed as Britain's leading light in the technology biz.