Altera CEO Daane sees trade deal spurring innovation

By Noel Randewich SAN FRANCISCO (Reuters) - The landmark expansion of a global tariff-cutting agreement to include some new types of microchips used in products ranging from smartphones to medical equipment will spur innovation, according to the head of U.S. chipmaker Altera. The breakthrough in talks with China this week to expand the Information Technology Agreement was hailed as a major step for the chip industry. Altera Chief Executive Officer John Daane says the impact is small right now but will accelerate quickly. ...



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