As of the 11th September, Chancellor Rachel Reeves announced the UK government has secured an £8 billion investment from Amazon Web Services (AWS) which it said it anticipated will support thousands of jobs across the UK.
The jobs expected to be supported by this investment will be around 14,000 jobs per year in local businesses including construction, facility management, and engineering and telecommunications.
“I am under no illusion to the scale of the challenge facing our economy and I will be honest with the British people that change will not happen overnight. Two quarters of positive economic growth does not make up for fourteen years of stagnation under the previous government,” said Rachel Reeves, Chancellor of the Exchequer. “However, this £8 billion investment marks the start of the economic revival and shows Britain is a place to do business. I am determined to go further so we can deliver on our mandate to create jobs, unlock investment and make every part of Britain better off. The hard work to fix the foundations of our economy has only just begun.”
“The next few years could be among the most pivotal for the UK’s digital and economic future, as organisations of all sizes across the country increasingly embrace technologies like cloud computing and AI to help them accelerate innovation, increase productivity, and compete on the global stage,” added Tanuja Randery, Vice President and Managing Director, EMEA, Amazon Web Services.
“AWS is proud to announce our plans to invest £8 billion in digital and AI infrastructure over the next five years to help meet the growing needs of our customers and partners, and support the transformation of the UK’s digital economy.”
How Amazon Web Services helps IoT
Amazon Web Services is a Cloud computing platform which offers Cloud-based services including computing power, storage, networking along with technologies such as AI, machine learning, analytics and the IoT. For IoT applications, AWS provides a solution, AWS IoT Core, to connect devices to AWS services and secure data.
In recent news, AWS announced that NXP Semiconductors had expanded its collaboration, building on three years, to move NXP’s electronic design automation (EDA). NXP finished deploying its semiconductor chip design on AWS.
Speaking on the collaboration, Adhir Mattu, CIO and Senior Vice President of NXP Semiconductors said: “We are excited to expand our relationship with AWS to power the next generation of EDA workloads in the cloud. Leveraging AWS’s portfolio of Cloud services has been instrumental in accelerating our semiconductor innovation development and production cycles.
“Our engineers can dynamically provision the compute they need, when they need it, to power our most demanding EDA workloads. This has boosted productivity and time-to-market for our cutting-edge products.”
Framing the conversation around AWS’ investment in the UK government, the government said a report published by the Organisation for Economic Co-operation and Development (OECD) showed the UK was exhibiting weak growth and poor productivity, partially a consequence of low investment following Brexit.
There’s plenty of other editorial on our sister site, Electronic Specifier! Or you can always join in the conversation by commenting below or visiting our LinkedIn page.
