twoheadedboy writes: "The UK Government has made a big commitment to the development of 'wonder material' graphene, which looks the most likely candidate to replace silicon in computing chips in the future. A £50 million Graphene Global Research and Technology Hub was announced by Chancellor of the Exchequer George Osborne. It is hoped the facility will help commercialise graphene. The University of Manchester, where the material was discovered, welcomed the announcement and will be one of the possible locations of the hub. Right now, universities will be getting ready to apply for their chance to host the graphene hub."