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UK AI Chipmaker Invests 100M Pounds for UK Expansion
10 Feb
Summary
- Fractile will invest 100 million pounds in UK operations over three years.
- A new hardware engineering facility will support AI chip production scale-up.
- The investment underscores confidence in the UK's tech sector's growth.
British chipmaker Fractile has announced a substantial investment of 100 million pounds over the next three years in its UK operations. This significant capital injection will fund the creation of a new hardware engineering facility, aimed at scaling up the company's artificial intelligence (AI) chip production.
The new facility, to be located in Bristol, will be responsible for assembling Fractile's chips into complete AI systems. It will also house a testing lab dedicated to software development for future compute technologies, enhancing the capabilities for next-generation AI models.
This investment is seen as a strong indicator of confidence in the UK's technology sector, which the government values at over 1 trillion pounds. AI Minister Kanishka Narayan noted that Fractile's expansion plans demonstrate the potential for British companies to enhance the nation's standing in advanced computing.
The initiative is expected to foster innovation and reinforce the UK's role in the rapidly evolving field of artificial intelligence and high-performance computing.
