“美国版混改”登场！政府成英特尔大股东，特朗普还要建“国家队”

Core Viewpoint - The U.S. government has announced it will become the largest shareholder of Intel by acquiring a 9.9% stake for $8.9 billion, marking a significant shift in the relationship between the government and private enterprises, and potentially initiating a new era of state-led industrial strategy in the U.S. [1][3] Group 1: Investment Details - The U.S. government will purchase 433.3 million shares of Intel at $20.47 per share, which is a nearly 17% discount from Intel's closing price of $24.80 on the announcement day [3] - Including previous subsidies, the total investment from the U.S. government in Intel amounts to $11.1 billion [3] - The government will also receive a five-year warrant to purchase an additional 5% stake at $20 per share if Intel's ownership of its chip foundry falls below 51% [3] Group 2: Strategic Implications - The acquisition is driven by national security concerns, as Intel is the only U.S. company capable of advanced semiconductor manufacturing, which is critical in the context of global AI competition [6] - The investment reflects a broader strategy to create a U.S. sovereign wealth fund, aimed at reducing leverage and reshaping political order while enhancing control over strategic assets [7][8] Group 3: Shift in Government Role - This transaction signifies a shift in the U.S. government's role from merely providing subsidies to becoming an active investor in private companies [9] - Historically, U.S. government support for industries has been limited to grants and tax incentives, but this investment breaks that precedent [9] - The move has sparked debate regarding the implications of government intervention in the private sector, with some experts warning of potential risks to long-term economic prosperity [10][11]