HC Deb 21 December 1972 vol 848 c446W
Sir B. Rhys Williams

asked the Secretary of State for Trade and Industry if he is now able to make a statement about Government support to the microelectronics industry.

Mr. Chataway

Yes. I am pleased to be able to say that we have agreed to make available substantial funds over the next six or seven years to encourage the development of integrated circuits specially designed for particular applications by British semiconductor manufacturers. Expenditure up to £10 million over the period is envisaged subject to the normal processes of review. Discussions with the industry are well advanced.