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UK Announces $21M Funding for Advanced Chip Development in EV, Green-Energy Industries

The United Kingdom government has announced a £16.6 million ($20.97 million) investment in the country’s open-access technology to boost the development of the advanced computer chips used in electric vehicles and green-energy industries. This investment would allow semiconductor researchers and companies to access new equipment to test and develop computer chips for high-energy machines in the renewable energy space, such as electric cars, as well as manufacturing equipment.

£14 million ($17.7 million) of the £16.6 million investment will specifically aid in the development of semiconductors that are typically used in power electronics. These chips are installed in energy-intensive machinery, such as manufacturing equipment and EVs, to convert and…

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NOTE TO INVESTORS: The latest news and updates relating to Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF) are available in the company’s newsroom at https://ibn.fm/RFLXF

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