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                            June 28, 2022

       Chaowei Yan
       Chief Financial Officer
       Intchains Group Ltd
       c/o 9/F, A Block, No.333 Haiyang No.1 Road
       Lingang Science and Technology Park
       Pudong New Area, Shanghai, 201306
       the People   s Republic of China

                                                        Re: Intchains Group Ltd
                                                            Registration
Statement on Form F-1
                                                            Filed June 22, 2022
                                                            File No. 333-265756

       Dear Mr. Yan:

              We have limited our review of your registration statement to
those issues we have
       addressed in our comments. In some of our comments, we may ask you to
provide us with
       information so we may better understand your disclosure.

              Please respond to this letter by amending your registration
statement and providing the
       requested information. If you do not believe our comments apply to your
facts and
       circumstances or do not believe an amendment is appropriate, please tell
us why in your
       response.

              After reviewing any amendment to your registration statement and
the information you
       provide in response to these comments, we may have additional comments.

       Form F-1 filed June 22, 2022

       General

   1.                                                   We note that you have
included graphics immediately following your cover page. Please
                                                        be advised that you
must include the table of contents immediately following the cover
                                                        page of the prospectus.
Please refer to Item 502(a) of Regulation S-K.
   2.                                                   Please disclose whether
and how your business segments, products, lines of service,
                                                        projects, or operations
are materially impacted by supply chain disruptions. For example,
                                                        discuss whether you
have or expect to:
                                                            suspend the
production, purchase, sale or maintenance of certain items due to a lack
 Chaowei Yan
Intchains Group Ltd
June 28, 2022
Page 2
             of raw materials, parts, or equipment; inventory shortages; closed
factories or stores;
             reduced headcount; or delayed projects;
             experience labor shortages that impact your business;
             experience cybersecurity attacks in your supply chain;
             experience higher costs due to constrained capacity or increased
commodity prices or
             challenges sourcing materials;
             experience surges or declines in consumer demand for which you are
unable to
             adequately adjust your supply; or
             be unable to supply products at competitive prices or at all due
to export
             restrictions, sanctions, tariffs, trade barriers, or political or
trade tensions among
             countries, or the ongoing invasion.
         Explain whether and how you have undertaken efforts to mitigate the
impact and where
         possible quantify the impact to your business. In this regard, we note
your reliance on a
         single third-party manufacturer for your integrated chips.
3.       You state that references to the "PRC" or "China" refer to the "People
  s Republic of
         China, excluding, for the purposes of this prospectus only, Taiwan,
Hong Kong and
         Macau." Revise the definition of the PRC or China to include Hong Kong
and Macau and
         revise the disclosure throughout your amendment accordingly. If you do
not revise the
         definition of the PRC or China, ensure that disclosure regarding Hong
Kong throughout
         the amendment addresses the sample letter to China-based companies
available on our
         website.
Summary Consolidated Financial and Operating Data, page 12

4.       Please revise to include a recent developments section, similar to
what has been provided
         within Management's Discussion and Analysis on page 76.
Management's Discussion and Analysis of Financial Condition and Results of
Operations
Recent Developments, page 76

5.     We note your discussion of selected preliminary financial data for the
three months ended
       March 31, 2022. We also note from disclosures elsewhere in the
registration statement
       (e.g., pages 15, 90, 97, and 98, etc.), that there is a high correlation
with the price of
       alternative cryptocurrencies to your financial condition and results of
operations. Please
       address the following:
           Expand your disclosures to discuss how you expect recent downward
trends in the
            prices of alternative cryptocurrencies to impact the sales of your
products and your
            revenues.
           Supplement your discussion with a tabular presentation of the
breakdown of sales
FirstName LastNameChaowei
            volume and averageYan  selling price (per unit) of ASIC chips
delivered for the most
Comapany recent
            NameIntchains    Group
                    period ended     Ltd to the table presented at the bottom
of page 70 within
                                  (similar
            your
June 28, 2022     revenue
                Page  2    discussion).
FirstName LastName
 Chaowei Yan
FirstName  LastNameChaowei  Yan
Intchains Group Ltd
Comapany
June       NameIntchains Group Ltd
     28, 2022
June 28,
Page 3 2022 Page 3
FirstName LastName
        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence of
action by the staff.

       Refer to Rules 460 and 461 regarding requests for acceleration. Please
allow adequate
time for us to review any amendment prior to the requested effective date of
the registration
statement.

       You may contact SiSi Cheng at (202) 5004 or Martin James at (202)
551-3671 if you
have questions regarding comments on the financial statements and related
matters. Please
contact Bradley Ecker at (202) 551-4985 or Sergio Chinos at (202) 551-7844 with
any other
questions.



                                                           Sincerely,

                                                           Division of
Corporation Finance
                                                           Office of
Manufacturing