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Italy: EUR 2 billion direct grant to STMicroelectronics

Description

On 31 May 2024, the European Commission approved a EUR 2 (USD 2.1) billion direct grant measure to support the company STMicroelectronics. The aid will support the set up of a new semiconductor manufa...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

31 May 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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