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City Approves Microchip's Tax Break, Fujitsu Accelerates Closing

GRESHAM, OR-The Gresham City Council this week approves a $17.3 million tax break for Arizona-based Microchip Technology, which has agreed to pay $183.5 million for Fujitsu's idled 200-acre chip plant here, and Fujitsu says it will exercise its option for an accelerated closing that would seal the deal by the end of the month.

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