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China: Shanghai Huali Microelectronics Corp receives state aid through state-owned Circuit Industry Investment Fund

Description

On 5 December 2023, several news outlets consistently reported that the Chinese company Shanghai Huali Microelectronics Corp (HLMC) received state aid worth CNY 6.33 billion (approx. USD 886 million)....

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

05 Dec 2023

Revocation date

No revocation date

Implementation level

NFI

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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