Peter Clarke, EETimes
6/27/2013 12:54 PM EDT
LONDON The CEOs the world's leading processor IP licensors, ARM Holdings plc and Imagination Technologies Group plc, have set aside their commercial rivalry to work together on a blueprint to boost electronics business in the UK.
Warren East of ARM Holdings plc and Sir Hossein Yassaie of Imagination sat together on a committee that has produced the ESCO report which suggests a number of initiatives to help grow electronics business in the UK.
ESCO stands for Electronic Systems: Challenges and Opportunities and the report supports changes made by the government with regard to R&D tax credits and seed funding for startups and suggests closer liaison between government and industry.
The ESCO report was commissioned by the UK government and produced under the chairmanship of Jamie Urquhart of Pond Ventures. The goal is to grow the annual sales value of the UK's electronics systems industry from £78 billion (about US$120 billion) in 2012 to £120 billion (about $180 billion) by 2020. If that can be achieved the sector would become a top-five UK employer and support more than one million jobs.
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