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08 Feb
14:34

EU proposes $43 billion microchip investment programme

The EU announced on Tuesday a €43 billion ($49 billion) plan to become a major chip producer, to ease dependency on Asian manufacturers of the components, Kallanish notes. “Chips are at the centre of the global technological race,” says European Commission (EC) President Ursula von der Leyen. “The Covid-19 pandemic has painfully exposed the vulnerability of its supply chains. While demand was increasing, we could not deliver a…
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