Global Trade Alert
Global Trade Alert

United States: Department of Commerce finalises CHIPS funding agreement with Powerex

Announcement

05 Jun 2026

In June 2026, the United States Department of Commerce announced a USD 30 million direct funding agreement with Powerex to support the expansion of domestic semiconductor production capacity.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

05 Jun 2026

Revocation date:

No revocation date

Announced: 05 Jun 2026
Financial grant In force

Recent update from 08 Jun 2026:

On 5 June 2026, the U.S. Department of Commerce signed a Direct Funding Agreement with Powerex, committing USD 30 million in direct funding for manufacturing investment and R&D. Delivered through t...

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