特朗普出手！股价大涨！

Core Viewpoint - Intel has reached an agreement with the U.S. federal government for an investment of $8.9 billion, acquiring 9.9% of the company's shares, as part of efforts to support the semiconductor industry and revitalize Intel amid operational challenges [1][3]. Financial Performance - Intel reported a revenue of $12.9 billion for Q2 2025, which remained relatively stable year-on-year [5][8]. - The company experienced a net loss of $2.9 billion, a significant increase of 81% compared to a net loss of $1.6 billion in the same period last year [5]. - Adjusted net loss was $400 million, contrasting with an adjusted net profit of $100 million in the previous year [5]. - Despite exceeding revenue expectations, adjusted earnings per share did not meet forecasts, and the outlook for Q3 revenue was optimistic, but adjusted earnings per share projections fell short [5]. Management Insights - CEO Lip-Bu Tan emphasized initial progress in enhancing execution and efficiency, focusing on strengthening core product offerings and AI roadmap [5]. - CFO David Zinsner highlighted robust market demand and effective execution of strategic priorities, including cost reduction and capital efficiency improvements [5]. Government Intervention - The U.S. government proposed converting approximately $10.9 billion in federal subsidies under the CHIPS and Science Act into equity for Intel, marking a direct intervention in a critical industry [3]. - This move is seen as part of a broader strategy to support the semiconductor sector and address Intel's operational difficulties [3]. Leadership Context - CEO Lip-Bu Tan has a strong background in the semiconductor industry, having previously led Cadence Design Systems, where he significantly increased revenue and profitability [5]. - Recent comments from former President Trump called for Tan's resignation due to alleged conflicts of interest, highlighting the scrutiny faced by Intel's leadership [5].