Graphcore has struggled to gain a foothold in the market for AI chips despite huge spending on artificial intelligence. It has also been hit by the closure of its business in China amid US controls on selling AI technology.

Apple's chief executive Tim Cook said the firm wants to hire more staff in the UK, in contrast to redundancies seen across the tech sector.

Britain's semiconductor industry must focus on niche manufacturing and designs rather than seek to challenge international rivals in chipmaking, according to the UK's tech minister, who admitted that "we are not going to recreate Taiwan in south Wales."

The UK government has announced an investment of up to GBP1 billion (US$1.24 billion) in the domestic semiconductor industry, but has been criticized for declining to join the spending race that has seen the US and EU announce significantly bigger programs.

News broke yesterday of Oppo and OnePlus' potential exit from important European markets. While OPPO maintained that its business in the UK and Europe remains "normal," OnePlus' statement outright rejected any plans to exit the regions. Now, a third statement from the Oppo press team in Europe brings more doubts than clarifications on what's really happening behind the scenes.

Scott White, of Pragmatic Semiconductor, said without a huge funding boost UK firms will go abroad.

Chinese tech giant Alibaba Group cannot buy some of the most advanced chip designs after the SoftBank-owned British chip tech firm Arm determined that US and Britain would not approve licenses to export technology to China, the Financial Times reported on Wednesday.

Hikvision, a leading Chinese surveillance company, has denied suggestions that it poses a threat to Britain's national security after the UK government banned the use of its camera systems at "sensitive" sites.

The pound fell against the dollar on Friday as new figures showed a gloomy picture for the UK economy.

The UK has blocked the takeover of an electronic design company by a Hong Kong rival over national security concerns, in the latest sign of growing British anxiety about Chinese investment.

SoftBank has put on hold plans for a London initial public offering of Arm because of the political turmoil in the UK government, throwing doubt on Britain's place as the future home of the Cambridge-based tech giant.

A huge political row has broken out in the UK about the ongoing plans to sell Newport Wafer Fab, one of the very few plants left in the country still making semiconductors, to a Dutch subsidiary of Chinese group Wingtech.

Arm faces significant hurdles to growth as a standalone company if Nvidia's proposed acquisition falls through, according to documents released as part of the UK regulator's ongoing merger inquiry.

The planned 瞿29bn purchase of UK chip designer Arm by US firm Nvidia raises "serious" competition concerns, the UK's competition watchdog has said.

The UK is considering blocking a takeover of Arm by Nvidia due to potential risks to national security, according to people familiar with the discussions.

Both Conservative and Labour MPs have raised national security concerns because Nexperia is a Chinese-backed firm.

The UK's largest chip producer, Newport Wafer Fab, is set to be acquired by Chinese-owned semiconductor company Nexperia for around US$87 million.

Twenty leading UK universities have collectively accepted more than 瞿40 million (US$55.66 million) in funding from Huawei and state-owned Chinese companies in recent years, sparking concern among Tory MPs.

The aim is to keep a tamper-proof digital record of temperature-sensitive vaccines and pick up on any irregularities in their storage.

The U.K.'s competition watchdog has announced that it plans to investigate Nvidia's proposed acquisition of British chip designer Arm.

A notable milestone but not a huge change

Vietnam and the UK concluded a free-trade agreement that will see 99% of tariffs between the two countries eliminated after seven years.

The government is also drawing up a long-delayed energy white paper that is expected to set out plans for decarbonising the sector.

The U.K. said in July that carriers would have to stop buying Huawei 5G equipment by year-end and strip out its kit from their infrastructure by 2027.

New cars and vans powered wholly by petrol and diesel will not be sold in the UK from 2030, prime minister Boris Johnson has said.

Huawei has failed to adequately tackle security flaws in equipment used in the UK's telecoms networks despite previous complaints, an official report says.

The 20.4% second-quarter plunge follows a 2.2% contraction in the first quarter.

The British government has asked Japan to help build its 5G wireless networks without Huawei, the Nikkei said on Sunday, a further step in a global technology and security war between the United States and China.

Britain's decision to ban China's Huawei from next-generation 5G telecom networks is the latest blow to the global leader in telecom equipment and could help lay the groundwork for broader changes in the industry.

China will take necessary measures in response to Britain's "discriminatory" ban on Huawei, which has severely damaged China's investment confidence in the country, China's Commerce Ministry said on Thursday.

BT's chief has said it would be "impossible" to remove Huawei from the whole of the UK's telecoms infrastructure before 2030.

BT and Vodafone have said their UK customers would face mobile phone signal blackouts if they are given three years or less to strip Huawei's equipment out of their 5G networks.

The U.K. government is drawing up plans to strip Huawei gear from Britain's 5G networks by the end of the year, The Sunday Times and The Daily Telegraph newspapers reported.

Hundreds of thousands of people and businesses have been locked out of accounts linked to Wirecard after Britain's financial watchdog ordered the collapsed digital payments company to suspend UK operations.

The EU's top Brexit negotiator has said the UK wants "the best of both worlds" in its future economic relationship with the bloc. The OSCE said the UK may feel the effects of the pandemic recession worse than EU members.

Bank claims that it will face reprisals in China if Huawei is banned from the UK's 5G network

British officials have discussed supplies of 5G networking equipment with companies in South Korea and Japan as part of a bid to develop alternatives to China's Huawei Technologies Co Ltd, a person with knowledge of the matter told Reuters.

More than 200 top UK firms and investors are calling on the government to deliver a Covid-19 recovery plan that prioritises the environment.

Huawei's future in the UK is in doubt - again.

The Prime Minister has instructed officials to draw up plans that would see China's involvement in the UK's 5G network reduced to zero