Global Trade Alert
Global Trade Alert

Italy: EUR 2 billion direct grant to STMicroelectronics

Announcement

31 May 2024

In May 2024, the European Commission approved a EUR 2 billion measure to support STMicroelectronics for the construction of its integrated chip manufacturing plant in Sicily. 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

31 May 2024

Revocation date:

No revocation date

Updated: 31 May 2024
Financial grant In force

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 man...

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