Announcement
19 Feb 2024
In February 2024, the government of the state of New York announced several forms of state aid to GlobalFoundries.
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Number of interventions
4
4 certainly harmful
0 likely harmful
0 liberalising
List of interventions
4 in force
Implementation date
19 Feb 2024
Revocation date:
19 Feb 2034
Tax or social insurance relief
In force
On 19 February 2024, the government of the state of New York announced USD 575 million in Green CHIPS tax credits to GlobalFoundries. The funding will support the company's semiconductor manufacturing...
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Implementation date
19 Feb 2024
Revocation date:
No revocation date
In-kind grant
In force
On 19 February 2024, the government of the state of New York announced USD 30 million in "infrastructure investments" to support GlobalFoundries' semiconductor manufacturing facility. The government d...
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In-kind grant
In force
On 19 February 2024, the government of the state of New York announced USD 15 million to finance the "workforce development activities" to support GlobalFoundries' semiconductor manufacturing facility...
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Local value added incentive
In force
On 19 February 2024, the government of the state of New York announced a state aid package to support GlobalFoundries' semiconductor manufacturing facility. As part of the broader state aid agreement ...
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