US, EU will seek to head off subsidy race over chip production

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Trade and Technology Council also scrutinising supply chains.

US, EU will seek to head off subsidy race over chip production
The United States and European Union will announce a joint effort to avert a "subsidy race" as they scramble to boost production of scarce semiconductor chips, a senior Biden administration official said. The move will be unveiled at the second meeting of the US-EU Trade and Technology...

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