Global Trade Alert
Global Trade Alert

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China: Domestic semiconductor manufacturer receives invesments from state and municipal government

Description

On 18 January 2023, Hua Hong Grace, a semiconductor manufacturer entered into a joint venture agreement with a Wuxi Municipal Entity. The unnamed “Wuxi entity”, will invest USD 804 million in cash, ac...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

18 Jan 2023

Revocation date

No revocation date

Implementation level

Subnational

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Table

Affected Sectors

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Affected Products

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