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EU's Chips Act Said to Get Approval on April 18, Likely to Cut EU's Reliance on US and Asian Semiconductors

The European Union's EUR 43 billion (nearly Rs. 3,84,120 crore) plan to boost its semiconductor industry and catch up with the United States and Asia is likely to get the green light from EU countries and lawmakers on April 18, people with direct knowledge of the matter said on Wednesday. The European Commission announced the Chips Act last year in a bid to cut EU rel...

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