Global Trade Alert
Global Trade Alert

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United States of America: Commerce Department announces USD 1.5 billion funding for semiconductor manufacturer GlobalFoundries

Description

On 20 November 2024, the US government awarded financial grants totalling USD 1.5 billion to GlobalFoundries. The funding aims to support the production of semiconductors in New York and Vermont. The ...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

20 Nov 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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