Domestic Focus
Domestic strength in semiconductor design, manufacturing and innovation is critical for national security, economic resilience, and technological progress.
UK Economic Footprint
The UK semiconductor industry generated £9.6bn in revenue in 2022, accounting for 2% of global revenues. Over 40% (£4.1bn) came from UK-headquartered companies. Revenue per employee ranges between £225k-£750k, with an estimated Gross Value Add of £305k per employee.
Semiconductor companies employ around 15,000 people in the UK. Each technical semiconductor role supports 3-4 additional roles in manufacturing and support. Using Semiconductor Industry Association (SIA) multipliers, the sector could indirectly support up to 86,000 additional jobs across the wider economy.
Skills & Talent
Semiconductor jobs are highly skilled and well-paid, with average salaries of £50-60K. Careers in the industry are intellectually stimulating, purposeful, and closely linked to societal advancement.
The sector is highly research-intensive, second only to pharmaceuticals, with around 15% of global annual turnover reinvested into research, development, and innovation, making it one of the most productive industries globally.