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Global Trade Alert

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Italy: EUR 12.3 million financial grant for Axelera AI SRL under Horizon Europe

Description

On 18 February 2025, the European Commission disclosed a EUR 12.3 million (USD 12.8 million) financial grant for Axelera AI SRL. The grant was provided for the company’s involvement in the “DARE SGA 1...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

18 Feb 2025

Revocation date

No revocation date

Implementation level

Supranational

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Products

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