The electronics industry would have no choice but to side with China against the US if the tech trade war escalates, the boss of Britain’s biggest independent microchip company has said.

“Everything is made in China, and in Asia,” Dialog Semiconductor chief executive Jalal Bagherli told The Sunday Telegraph.

“For electronics and chip companies I don’t think we have a lot of choice. It’s not like we would pick China to work with, but we just don’t have a choice. It’s just where everything is made.”

Dialog Semiconductor, which is valued at more than £2bn and headquartered in Reading, is one of the few UK silicon success stories to have not been snapped up by foreign buyers.

The company’s shares are traded in Frankfurt but if it were to be listed in London, Dialog would be the fifth most valuable technology company, after big names such as Sage and Micro Focus.

Mr Bagherli was speaking a week after Donald Trump added Huawei to a trade blacklist, the latest salvo in an high-stakes tech confrontation between China and the US.