On August 9, US President Biden signed the "Chip and Science Act", which means that after nearly three years of competition of interests, this bill, which is of great significance to the development of the domestic chip manufacturing industry in the United States, has officially become law.

A number of semiconductor industry veterans believe that this round of action by the United States will in turn accelerate the localization of China's semiconductor industry, and China can also further deploy mature processes to deal with it.

The "Chip and Science Act" is divided into three parts: Part A is the "Chip Act of 2022"; Part B is the "R&D, Competition and Innovation Act"; Part C is the "Secure Funding Act of the Supreme Court of 2022".

The bill focuses on semiconductor manufacturing, which will provide $54.2 billion in supplemental funding for the semiconductor and radio industries, of which $52.7 billion is earmarked for the U.S. semiconductor industry. The bill also includes a 25% investment tax credit for semiconductor manufacturing and semiconductor manufacturing equipment. The U.S. government will also allocate $200 billion over the next decade to promote scientific research in artificial intelligence, robotics, quantum computing, and more.

For the leading semiconductor companies in it, the signing of the bill is not surprising. Intel CEO Pat Gelsinger commented that the chip bill may be the most important industrial policy introduced by the United States since World War II.