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Global Trade Alert

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Italy: Introduction of financial grant to support the construction of a semiconductor plant in Sicily

Description

On 5 October 2022, the European Commission approved a EUR 292.5 million (USD 288 million) financial grant measure from Italy. The measure will support the semiconductor manufacturer STMicroelectronics...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

05 Oct 2022

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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