It considered, but rejected, a plan from the subsequent founders of Inmos.
Instead the country prevailed upon three of its conglomerates to get into the memory and microprocessor businesses largely by ripping off US designs.
The most aggressive of the three companies built, simultaneously, three fabs for three different generations of memory.
Between 1983 and 1989, the country's output of ICs went up from half a million dollars worth to a billion and a half dollars worth.
Although the three companies shrank to two, both those are in the World Top Ten today.
MORAL: Will Can Win