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Egypt Focuses on Chip Manufacturing

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Egypt Focuses on Chip Manufacturing

(3 Minutes Read)

The council monitors the progress of existing investments in semiconductor and solar cell manufacturing technology, examines the issues and obstacles facing them, approves necessary solutions to overcome investment obstacles in the field, and directs the relevant state entities to implement these solutions.

The Egyptian Cabinet has approved a draft resolution to establish and form the national council for electronic chip manufacturing. The council monitors the progress of existing investments in semiconductor and solar cell manufacturing technology, examines the issues and obstacles facing them, approves necessary solutions to overcome investment obstacles in the field, and directs the relevant state entities to implement these solutions.

According to the draft resolution, the council will be chaired by the Prime Minister and include the following members: the Deputy Prime Minister for Industrial Development and the Ministers of Industry and Transport, Minister of Planning and Economic Development, International Cooperation, Communications, and Information Technology, Minister of Higher Education and Scientific Research, Minister Electricity and Renewable Energy.

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This also will include the Minister of Finance, Minister of Investment and Foreign Trade, and Minister of Petroleum and Mineral Wealth, as decided by the council. The council may Invite ministers, governors, heads of institutions, and agencies to attend its meetings, and it may seek the expertise of specialists and representatives from the private sector.