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Britain launches $1.2 billion semiconductor plan after U.S. and EU splurge on chips

Britain launches $1.2 billion semiconductor plan after U.S. and EU splurge on chips

Semiconductor bosses in the U.K. had expressed frustration with the lack of a concrete strategy from the government on semiconductors.

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LONDON — The U.K. on Friday announced up to £1 billion ($1.24 billion) of support for its semiconductor industry, seeking to boost its domestic chipmaking capabilities and prevent further disruptions to supply after cries for help from bosses at some of the…


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