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flag Germany allocates €2 billion to boost its semiconductor industry after Intel's factory cancellation.

flag Germany plans to invest about €2 billion in its semiconductor industry to develop advanced production facilities and reduce dependence on foreign suppliers. flag This follows Intel's cancellation of a €30 billion chip factory project in Magdeburg. flag The funding aims to boost the domestic chip industry and aligns with the European Chips Act, which seeks to increase Europe's semiconductor market share.

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