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Technology / AI and automation

JAPAN INC WORKING ON PROPOSALS FOR A NEW INTERNATIONAL SEMICONDUCTOR AGREEMENT

Japan Inc is working on proposals that would lead to the present US-Japan semiconductor pact – which is widely unpopular with third countries – being succeeded by an international semiconductor arrangement that would set floor prices and quotas for commodity chips and be similar to the multifibre agreement, says the Financial Times: the agreement, likely to be resisted by the US, would come under the General Agreement on Tariffs & Trade.

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