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EU plans $6.4 billion effort to boost chip manufacturing

from CNET

The European Commission announced plans to spend 5 billion euros ($6.4 million) over the next seven years to try to spur microprocessor manufacturing in the European Union. The funds, which the E.C. said will be matched by the same amount coming from the private sector, are designed to enable Europe to double its share of chip manufacturing and thereby help other industrial sectors that are embracing electronics. more


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