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Global Trade Alert

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Germany: EUR 5 billion in state aid to support ESMC's microchip plant in Dresden

Description

On 20 August 2024, the European Commission approved a EUR 5 billion (USD 5.5 billion) financial grant to support European Semiconductor Manufacturing Company (ESMC) in the construction and operation o...

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Intervention Details

Intervention Type

State aid, unspecified

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

20 Aug 2024

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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