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Global Trade Alert

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United States of America: U.S. Administration enacts the CHIPS and Science Act of 2022

Description

On 9 August 2022, the US Administration enacted the CHIPS and Science Act of 2022 (H.R. 4346) extending USD 6 billion for building, expanding or modernizing facilities involved in the manufacturing of...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

09 Aug 2022

Revocation date

30 Sep 2026

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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