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EU adopts legislation to secure chip supply

Jul, 11, 2023 Hi-network.com

The European Parliament has adopted legislation to secure the EU's chip supply by boosting production, innovation, and implementing emergency measures against shortages. The law aims to create a favourable environment for chip investments, support small and medium-sized businesses, and attract research and design talent. It includes a crisis response mechanism, funding for chip-related research, and measures to strengthen international cooperation.

It was also agreed upon to allocate

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