Global chip giant Intel said on September 30 that it plans to build two new cutting-edge chip factories in Ohio, the United States, with an investment of more than $20 billion (about 146 billion yuan). Some analysts pointed out that Intel's huge investment is related to the "Chip and Science Act" launched in the United States a year ago, and the company can obtain semiconductor subsidy funds from the U.S. government through the above investment. In August this year, the Chip and Science Act was a year old, and on August 9, President Biden issued a statement saying that in the past year, the bill provided $52.7 billion in subsidies for semiconductor production, research and development and workforce development in the United States, and large chip companies have announced investments of $166 billion in semiconductor and electronic product manufacturing.