Accounting for 10%, it is reported that Intel is the biggest winner of US chip subsidies

According to the Wall Street Journal report on November 8, Intel will become the biggest winner under the subsidies of the US Chip Act. Reports indicate that Intel will receive subsidies of US$3-4 billion (currently approximately 21.84-29.12 billion yuan), accounting for more than 10% of the total US$39 billion (currently approximately 283.92 billion yuan).

The President of the United States signed the "Chip Act" in 2022, planning to provide a total of US$52.7 billion in subsidies for the US semiconductor industry (IT House Note: currently approximately 380.494 billion yuan).

Of the $52.7 billion, the U.S. Department of Commerce will come up with an application plan for manufacturing subsidy projects worth $39 billion (currently about 281.58 billion yuan); $11 billion (currently about 79.42 billion yuan) will be used to establish the National Semiconductor Technology Center. It will serve the semiconductor research and development of American companies, but the address has not been finalized yet; in addition, it will also provide a 25% investment tax credit for the construction of chip factories, estimated to be worth US$24 billion (currently about 173.28 billion yuan).

In August this year, the latest official announcement stated that it had received applications from 460 companies. However, the government agency hopes to conduct more detailed negotiations on subsidies and has not yet begun to issue subsidies.

The report pointed out that one of the important reasons why Intel was able to obtain such huge subsidies was to subsidize the production of US military chips, which Commerce Secretary Gina Raimondo described earlier this year as a "national security investment."