台积电和三星，新担忧

Core Viewpoint - The U.S. government is considering acquiring shares in Intel to support the struggling chip manufacturer, which may pose challenges for competitors like Samsung Electronics and TSMC [1][2]. Group 1: Government Intervention - Analysts warn that government support for Intel could weaken the market share of overseas competitors [1][2]. - The Trump administration is reportedly reviewing plans to acquire Intel shares using funds from the CHIPS Act, aimed at revitalizing the company [1][2]. - The U.S. Department of Defense has recently provided funding to MP Materials to address strategic weaknesses in rare earth production, indicating a broader trend of government intervention in critical industries [2]. Group 2: Intel's Financial Situation - Intel's foundry business has been operating at a loss since early 2022, with total losses reaching $19.6 billion by Q2 of this year [2]. - The company has been cutting costs and laying off employees to manage its financial difficulties [2]. - A potential equity injection could accelerate the construction of Intel's semiconductor factory in Ohio, which has faced delays due to funding shortages [2]. Group 3: Market Dynamics - In the global foundry chip market, Intel holds almost no market share, with TSMC dominating at 67.6% and Samsung at 7.7% as of Q1 this year [3]. - If the government pressures companies to use Intel chips, it may weaken the overall competitiveness of the U.S. semiconductor industry due to Intel's lower production capacity compared to TSMC [3].