Industrial Policy & Trade Monitor· 2667 actions· ✨ 89 recent

On 6 February 2026, Texas Governor Greg Abbott announced a USD 14,076,031 grant from the Texas Semiconductor Innovation Fund (TSIF) to Coherent Corp. to accelerate scaled production of 6-inch Indium Phosphide (InP) wafers at its Sherman, Texas facility. The grant supports a broader USD 154 million capital-investment project that will establish what the announcement describes as the world's first 6-inch InP wafer fabrication plant, consolidating Coherent's North American semiconductor operations. InP wafers underpin photonics components used in data-center interconnects, telecommunications, AI compute networking, advanced sensing, and 6G wireless/satellite links. TSIF was established under the Texas CHIPS Act signed by Abbott in 2023.

Italy's Department for Digital Transformation (Presidenza del Consiglio dei Ministri) and Invitalia S.p.A. signed an implementing agreement on 4-5 February 2026 establishing the EUR 733 million "Fondo Nazionale per la Connettività" (National Connectivity Fund), financed under PNRR Mission 1, Component 2, Investment 7. The fund provides non-repayable public grants to private telecom operators for ultra-broadband network build-out through 2029, targeting a minimum 1 Gbit/s download / 200 Mbit/s upload connection for covered property units, and requires a minimum 30% private co-financing share per project. Invitalia manages the fund through 31 December 2030.

The European Investment Bank signed guarantee agreements with Banco Santander totalling EUR 450 million on 29 January 2026, announced by EIB Group President Nadia Calviño during the Group's results presentation in Brussels. The guarantees are expected to unlock around EUR 900 million in new supply-chain financing for European companies: EUR 400 million for security-and-defence manufacturers (cybersecurity, surveillance, resilience and defence-technology suppliers) under the EIB's EUR 3 billion pan-European intermediated financing instrument for the defence industrial base, and EUR 500 million for companies in clean technologies, telecommunications and digital infrastructure via reverse-factoring supply-chain-finance instruments. Santander is reported as the fourth major European bank to sign under the defence-supply-chain programme, and the clean-tech/digital tranche contributes to the EIB Group's TechEU initiative.

NIB, the multilateral development bank owned by the eight Nordic and Baltic member states, signed a 7-year, EUR 50 million loan with TDC NET A/S to co-finance fibre broadband network rollout investments during 2025-2027, primarily expanding fibre-to-the-premises coverage and activation in the Greater Copenhagen area. This is NIB's second loan to TDC NET for fibre rollout, following a EUR 110 million facility signed in 2022 for 2022-2024 investments. NIB's below-market development-bank funding cost functions as a state-adjacent subsidy for Danish digital infrastructure buildout.

China's Ministry of Finance, NDRC, Ministry of Industry and Information Technology, People's Bank of China and National Financial Regulatory Administration jointly issued Cai Jin [2026] No. 4 on 2026-01-19, establishing a central-fiscal loan interest-subsidy scheme for micro, small and medium-sized enterprises (MSMEs) operating in 14 designated industrial-chain and emerging-industry sectors. Eligible loans originated from 2026-01-01 receive a 1.5-percentage-point annual interest subsidy for up to two years, capped at RMB 50 million in principal per enterprise (maximum subsidy RMB 1.5 million per enterprise). The policy is tentatively set to run one year with a possible extension.