Xin Lang Cai Jing·2025-08-25 21:24Group 1 - The U.S. government has acquired a 10% stake in Intel, valued at approximately $8.9 billion, as part of a strategy to establish a sovereign wealth fund, which may include more companies in the future [2][3] - The funding for this acquisition comes from allocations related to the CHIPS Act and separate funds designated for "secure chip manufacturing projects" [2] - The White House economic advisor, Kevin Hassett, emphasized that while the government will not interfere in corporate operations, this stake is part of a broader ongoing initiative [2][4] Group 2 - Hassett noted that the establishment of a sovereign wealth fund has been a long-term goal of the administration, with potential future transactions extending beyond the semiconductor industry [3] - The concept of a sovereign wealth fund is typically associated with countries rich in natural resources, with Norway's fund being the largest globally at approximately $1.8 trillion [3] - Historical precedents exist for government ownership in companies, such as the stakes in Fannie Mae and Freddie Mac following the financial crisis [3][4]