Home Technology peripherals It Industry Intel becomes the largest beneficiary of the U.S. chip subsidy program, accounting for 10%

Intel becomes the largest beneficiary of the U.S. chip subsidy program, accounting for 10%

Nov 08, 2023 pm 03:41 PM
Intel

According to news from this website on November 8, according to the Wall Street Journal, 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), which will account for more than 10% of the total US$39 billion (currently approximately 283.92 billion yuan).

Intel becomes the largest beneficiary of the U.S. chip subsidy program, accounting for 10%
Source: Intel
In 2022, the President of the United States signed the "Chip Act" 》, aiming to provide a total of US$52.7 billion (approximately RMB 380.494 billion) in subsidies for the US semiconductor industry

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

According to this site’s report in August last year, the latest official announcement stated that applications from 460 companies had been received. However, the government agency hopes to conduct more detailed consultations on subsidies and has not yet begun to issue subsidies

According to reports, one of the important reasons why Intel was able to obtain such huge subsidies was the subsidies used to produce US military chips. Commerce Secretary Gina Raimondo described this as a "national security investment" earlier this year. Companies have applied for funding but have not yet started funding."

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