EU countries back billion-euro chip plan

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EU countries back billion-euro chip plan

Bloc wants to reduce its reliance on US and Asian semiconductors.

EU countries on Wednesday agreed to a 45-billion-euro (A$70 billion) plan to fund the production of chips, putting the 27-country bloc a step closer to its goal of reducing its reliance on US and Asian manufacturers. EU envoys unanimously backed an amended version of the European Commission'...

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