The European Commission said it signed an international multichip...
The European Commission said it signed an international multichip processor (MCP) agreement with the U.S., S. Korea and Taiwan. The deal, signed after a year of negotiations, covers trade in MCPs, eliminating customs duties and other charges on MCP…
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imports among the signers. It’s expected to drive down the cost of devices that use MCPs, including mobile phones, MP3 players and PDAs. Semiconductors and semiconductor products already generally benefit from free trade under the terms of the 1996 WTO Information Technology Agreement. MCPs, though, aren’t covered by the 1996 agreement because they're so recent. The agreement takes effect April 1. Japan already applies no duties on MCPs and is expected to join later this year. The EC said the agreement is open to other MCP-producing countries.