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EU: Approval of the Chips Act, including the establishment of the EUR 3.3 billion Chips for Europe Initiative

Description

On 18 September 2023, the European Union adopted the European Chips Act through Regulation (EU) 2023/1781. The Act establishes, among others, the Chips for Europe Initiative with a budget of EUR 3.3 b...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

21 Sep 2023

Revocation date

31 Dec 2027

Implementation level

Supranational

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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