[SMM Flash News] Sichuan and Guizhou Step Up Computing Power Voucher Policies, Advancing Inclusive Computing Power and Integrated Computing Power–Electricity Development in Parallel

Sichuan issued Several Policy Measures (Trial) to Promote the Development of Computing Power Networks (19 items), and Guizhou upgraded its computing power vouchers to 3.0. Both regions are using “computing power vouchers / token vouchers” to reduce computing costs and amplify green electricity synergies.

[Data]

- Sichuan: Established “computing power vouchers” and “token vouchers,” with maximum subsidies for domestic computing power/tokens capped at no more than 1 million yuan each; benchmark scenarios supported at 20% of the approved total investment, capped at 30 million yuan per project; green retrofits of existing data centers subsidized at 15%, capped at 10 million yuan per project; the proportion of surplus electricity fed into the grid relaxed to 20%, with additional quotas allocated at 2x for directly supplied new energy

- Guizhou: Under computing power vouchers 3.0, the incentive rate for intelligent computing increased from 3% to 30%; 30% for model/corpus procurement; the subsidy pool expanded to 140 million yuan; cumulative payouts exceeded 138 million yuan, benefiting more than 270 enterprises (90% from outside the province)

[SMM Comment]

Rationale: Local governments are using dual levers—fiscal subsidies and green electricity synergies—to drive the implementation of “inclusive computing power” and the “East Data, West Computing” initiative. Comparative factors: Guizhou’s computing power utilization rate exceeded 96%, with 90% of clients from outside the province, validating an investment-attraction model based on “cost + scenarios”; Sichuan is differentiating its approach through “computing-power-and-electricity integration zero-carbon industrial parks.” Impact on the industry chain: Subsidies lower the computing threshold for small and medium-sized enterprises, expand computing power absorption, and benefit domestic computing power scheduling platforms and Token factories.