Global Trade Alert
Global Trade Alert

United States of America: US Administration announces approximately USD 6.4 billion in funding to Samsung Electronics to support the domestic production of semiconductors

Announcement

15 Apr 2024

In April 2024, the U.S. Department of Commerce announced a preliminary agreement with Samsung Electronics to provide up to USD 6.4 billion in funding under the CHIPS and Science Act to establish a semiconductor manufacturing ecosystem in Central Texas.

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Number of interventions

1

0 certainly harmful

1 likely harmful

0 liberalising

List of interventions

Implementation date

No implementation date

Revocation date:

No revocation date

Announced: 15 Apr 2024
State aid, unspecified
On 15 April 2024, the US Department of Commerce announced a non-binding agreement with the US subsidiary of Samsung Electronics, a global manufacturer of electronics, to provide USD 6.4 billion in fun...
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