Hua Er Jie Jian Wen·2025-07-01 22:42Group 1 - The Senate passed a large-scale tax and spending bill known as the "Big Beautiful" bill, which has been criticized by the clean energy and electric vehicle sectors but is beneficial for certain chip manufacturers [1] - Under the final version of the "Big Beautiful" bill, companies like Intel, TSMC, and Micron Technology can qualify for a 35% investment tax credit if they start building new factories in the U.S. before the 2026 deadline set by the CHIPS and Science Act [1] - This 35% tax credit exceeds the current 25% credit established by the CHIPS Act and is higher than the previously proposed 30% in earlier drafts of the "Big Beautiful" bill [1] Group 2 - The tax credit proposed in the Senate's final version has no cap, potentially making its cost higher than other forms of subsidies, depending on the investment scale stimulated by the CHIPS Act [2] - The main beneficiaries of the funding projects include Intel, TSMC, Micron Technology, and Samsung Electronics [2] - Following the Senate's approval of the "Big Beautiful" bill, the Philadelphia Semiconductor Index, which had dropped 2.1% earlier, managed to reduce its losses, closing down only 0.7% [2] Group 3 - TSMC's stock, which had previously fallen over 2%, closed down 0.8%, while Micron Technology, which had dropped more than 3%, ended down 1.9% [5] - Intel's stock saw a midday increase of over 3%, closing up approximately 2% [5]