Global Trade Alert
Global Trade Alert

Germany: EUR 5 billion in state aid to support ESMC's microchip plant in Dresden

Announcement

20 Aug 2024

In August 2024, the European Commission approved EUR 5 billion in state aid to support European Semiconductor Manufacturing Company (ESMC) in the construction and operation of a microchip plant in Dresden. 

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

20 Aug 2024

Revocation date:

No revocation date

State aid, unspecified In force

On 20 August 2024, the European Commission approved a EUR 5 billion (USD 5.5 billion) financial grant to support European Semiconductor Manufacturing Company (ESMC) in the construction and operation o...

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