US President Biden issued a statement stating that over the past year, the bill has provided $52.7 billion in subsidies for semiconductor production, research and development, and labor development in the United States. Large chip companies have announced investments of $166 billion in semiconductor and electronic product manufacturing.

The US Department of Commerce stated on the same day that over 470 companies have expressed their desire to receive semiconductor subsidy funds from the US government.

According to foreign media reports, several small companies have stated that their projects will be entirely dependent on federal government assistance, and so far they are still waiting for approval of this aid funding.

The Confusion of Large Chip Companies

The US Department of Commerce has issued a statement stating that since Biden took office, private companies have announced over $230 billion in chip manufacturing plans. "We are actively engaged in dialogue with (funding) applicants and expect significant progress in the coming months," a senior official from the Ministry of Commerce told the media.

The Ministry of Commerce previously stated that the funding amount is expected to account for 5% to 15% of project capital expenditures, and the total amount of funding is generally not expected to exceed 35% of project capital expenditures.

According to expert opinions cited by American media, the allocation of chip funds is related to government scrutiny and complexity, but there is no doubt that major chip companies are fiercely competing and continuing to lobby for more market share. Meanwhile, small companies are concerned about being excluded from funding projects.

Industry research institutions say they are more concerned about how chip funding can promote technology research and create job opportunities. Research institutions say that in addition to the chip bill, other relevant government plans should also be considered to meet the huge demand for technical talent in the coming years.

US media quoted Pat Gelsinger, CEO of Intel, who plans to spend $43 billion to build new factories in Arizona and Ohio, as saying he believes the company should receive more funding than other chip companies.

"If companies like Samsung build factories in the United States, we should be happy about it," said Geisinger. "All of my important research and development work is done here, while most of the work of other companies is done overseas, so we should benefit more."

On the 9th, John Neuffer, President and CEO of the Semiconductor Industry Association (SIA) of the United States, stated that after the first anniversary of the signing of the chip bill, decision-makers in Washington should push for practical policies, including working closely with industry experts to address the severe shortage of STEM skilled workers facing the semiconductor industry and the US economy, and ensuring that the chip industry can open up to the global market.

A large number of companies are still waiting for government checks

The US Department of Commerce stated that in the past year, they have formed a team of over 140 people, and once the department identifies eligible projects, they will decide how much government funding to disburse.

"We will do our best, but that doesn't mean we will make empty promises to all companies that make demands," said US Secretary of Commerce Raymond in February.