芯东西8月19日消息，据外媒援引一位美国白宫官员和其他知情人士的话报道，美国特朗普政府正在讨 论将英特尔的部分或全部美国《芯片法案》拨款转换为股权，从而获得该公司10%的股份。此举可能使 美国政府成为英特尔的最大股东。 以当前市值计算，英特尔10%的股份价值约为104亿美元（约合人民币744亿元）。 英特尔预计将获得总计109亿美元（约合人民币783亿元）的美国《芯片法案》拨款，用于商业和军事生 产，这笔钱大致足以支付目标持股。 知情人士称，具体的持股规模以及美国白宫是否选择推进该计划，目前仍未确定。 美国白宫发言人库什·德赛（Kush Desai）拒绝就谈判细节发表评论，仅表示在政府宣布之前，任何协议 都不是正式协议。负责监管美国《芯片法案》的美国商务部也拒绝置评。英特尔尚未回应置评请求。 透露消息的美国白宫官员还提出了美国政府可能将其他美国《芯片法案》奖励转换为股权的可能性。尚 不清楚这一想法是否在美国政府内部获得广泛支持，或者美国官员们是否已与可能受到影响的公司讨论 过这种可能性。 一个重要的问题是，美国政府援助能否帮助英特尔重振业务。英特尔正深陷销售停滞和持续亏损的泥 潭，难以重拾行业技术优势。英特尔 ...

此次谈判背景复杂：特朗普政府上任后，英特尔因技术落后于台积电(TSM.US)等亚洲厂商，成为美国重振本土芯片制造业的关键抓 手。尽管台积电与三星已扩大美国投资，但让本土企业生产尖端芯片仍是两届政府的优先事项。 此前拜登政府曾探讨英特尔与格芯(GFS.US)合并等方案，特朗普团队则与台积电洽谈过接管英特尔工厂的可能性，但未获实质进展。内 部还曾提出引入阿联酋资本的设想，目前进展不明。 智通财经APP获悉，特朗普政府正探讨通过《芯片与科学法案》资金收购英特尔(INTC.US)约10%股权的方案，此举或使美国政府成为 这家陷入困境的芯片制造商的最大股东。据白宫官员及知情人士透露，联邦政府考虑将原本分期拨付的《芯片法案》资金转换为股权投 资，涉及金额可能涵盖英特尔已获批的109亿美元商业与军事生产补贴。然而，正当特朗普政府盘算着入股英特尔，日本软银已抢先落 子——20亿美元投资协议已尘埃落定。 以当前市值计算，10%股权对应价值约105亿美元，与英特尔已获得的22亿美元首期拨款存在部分重叠，具体操作细节及时间表尚未明 确。白宫发言人库什·德赛拒绝就谈判细节置评，仅强调"任何协议在正式宣布前均非最终定论"。负责监管《芯 ...

媒体报道，据一位白宫官员和其他知情人士透露，特朗普政府正在讨论以入股英特尔约10%的方式进行投 资，而这可能使美国政府成为英特尔的最大股东。 这些人士对媒体表示，美国联邦政府正在考虑对英特尔进行潜在投资，方法是将该公司根据《美国芯片 与科学法案》（Chips and Science Act）获得的部分或全部拨款转换为股权。目前，英特尔已被安排获得 总额约109亿美元的补贴，用于商业和军事用途。 媒体称，这个金额大致足以支付目标股权所需的资金。按英特尔当前市值计算，约10%的股份价值约为 105亿美元。但这些人士对媒体表示，具体的持股规模，以及白宫是否会推进该计划，目前仍在变化之 中。 白宫发言人拒绝对谈判细节对媒体发表评论，仅表示在政府正式宣布前，没有任何交易是官宣的。 这位白宫官员还提到，政府可能将其他芯片法案的拨款转换为股权。尚不清楚这一想法是否已在政府内 部广泛传播，或是否已与可能受影响的公司接洽。 援助资金可能并未超过原计划补贴额，英特尔股价下挫 媒体分析称，这项政府援助的一个关键问题在于是否能帮助英特尔重振业务。英特尔当前销售增长停 滞、持续亏损，并且难以恢复其在行业中的技术领先地位。新任首席执行官 ...

Market Performance - The S&P 500 index closed down 0.29% at 6449.8 points, while the Nasdaq Composite fell 0.4% to 21622.98 points. The Dow Jones Industrial Average managed a slight gain of 0.08%, closing at 44946.12 points, driven by UnitedHealth's performance [1] - Retail sales data for July showed a month-over-month increase of 0.5%, with a 0.3% increase when excluding automobiles, aligning with expectations. However, the University of Michigan Consumer Sentiment Index dropped to 58.6, marking its first decline since April [2] - For the week, the S&P and Nasdaq rose 0.94% and 0.81%, respectively, both reaching new historical highs. The Dow increased by 1.74%, nearing the 45000-point mark [2] Stock Performance - Major tech stocks experienced mixed results, with Apple down 0.51%, Microsoft down 0.44%, and Nvidia down 0.86%. Tesla saw a decline of 1.5%, while Meta rose by 0.4% [3] - Semiconductor equipment giant Applied Materials saw a significant drop of 14.07% due to disappointing revenue guidance, negatively impacting the sector. Other companies like KLA and Lam Research also faced declines of 8.42% and 7.33%, respectively [3] - Chinese concept stocks outperformed the broader market, with the Nasdaq Golden Dragon China Index rising by 0.74%. Notable performances included Pinduoduo up 3.67% and NIO up 8.09% [3] Company News - UnitedHealth experienced its largest single-day gain since 2008, rising by 11.98% after Berkshire Hathaway disclosed a stake of over 5 million shares in the company [4] - Other investors, including Michael Burry and David Tepper, also revealed significant holdings in UnitedHealth, contributing to a positive impact on the sector, with Centene, Molina Healthcare, and Elevance Health seeing gains between 4% and 6% [6] - The solar and renewable energy sectors surged due to new tax credit guidelines for clean energy projects, with Sunrun's stock soaring by 32.82% and SolarEdge Technologies rising by 17.10% [7] Additional Developments - Reports suggest the U.S. government is considering using funds from the CHIPS Act to acquire shares in Intel, leading to a temporary spike in Intel's stock price, which closed up 2.93% [8] - The CEO of Opendoor resigned amid investor pressure, with the company's stock rising by 4.28% despite a significant drop in market value over the past two years [9] - Beyond Meat denied bankruptcy rumors, stating it has not filed for bankruptcy, although its stock fell by 7.53% amid concerns over its financial health [10]

Core Viewpoint - Intel's stock rose nearly 4% on Friday, accumulating an 11% increase over two days, amid reports that the Trump administration is exploring the possibility of acquiring equity in Intel using funds from the U.S. Chips Act [1] Group 1: Financial Implications - Intel is the largest expected beneficiary of the Chips Act, having already secured $7.9 billion in semiconductor manufacturing grants [1] - The company is also set to receive up to $3 billion in grants for the Pentagon's secure enclave program and has obtained $11 billion in loans under the 2022 legislation [1] Group 2: Government Negotiations - Discussions are in early stages regarding whether to convert part or all of Intel's existing Chips Act grants into equity, allocate new funds, or combine Chips Act funding with other financing sources [1] - The government aims to quickly utilize unused Chips Act funds for sectors deemed critical to U.S. national security [1] Group 3: Leadership and Stability - Intel's CEO, Pat Gelsinger, met with President Donald Trump, and despite previous criticisms from the President, his position appears secure [1] - The discussions surrounding funding sources remain unstable and have not been reported previously [1]

英特尔首席执行官陈立武周一会见了唐纳德·特朗普总统，据说尽管早些时候受到总统批评，但他的职 位很安全。政府的目标是将未使用的《芯片法案》资金迅速用于被认为对美国国家安全至关重要的部 门。白宫拒绝置评。 （原标题：美股异动 | 传特朗普政府考虑利用芯片法案资金入股 英特尔(INTC.US)逆势涨近4%） 智通财经APP获悉，周五，英特尔(INTC.US)逆势涨近4%，两日累涨11%，报24.76美元。消息面上，据 彭博报道，知情人士透露，特朗普政府正在探索利用美国芯片法案资金收购英特尔公司的股权。谈判仍 处于早期阶段，重点是是否将英特尔现有的部分或全部《芯片法案》赠款转换为股权、分配新资金，或 将《芯片法案》资金与其他融资来源合并。英特尔已经是该计划的最大预期受益者，已获得 79 亿美元 的商业半导体制造赠款，为五角大楼的安全飞地计划提供高达 30 亿美元的赠款，并根据 2022 年法律获 得 110 亿美元的贷款。潜在的资金来源此前尚未报告，讨论仍然不稳定。 ...

Core Viewpoint - The article discusses the potential investment by the Trump administration in Intel to support domestic high-end chip production, highlighting the importance of this initiative for the U.S. semiconductor industry and national security [1][3]. Group 1: Investment and Financial Support - The Trump administration is in talks with Intel regarding a potential equity investment to provide financial support for the construction of a new factory in Ohio [3]. - This project is seen as a key part of the U.S. "CHIPS Act," aimed at revitalizing the domestic semiconductor industry [3]. - Intel is currently the only U.S. company capable of producing the most advanced chips domestically, which are critical for national defense and strategic sectors like artificial intelligence [3]. Group 2: Market Reaction - Following the news of potential government investment, Intel's stock price surged by 8.9%, marking its largest single-day increase in recent times [3]. - The discussions come after Intel's CEO, Pat Gelsinger, met with Trump, which followed previous calls for his resignation due to alleged ties with China [3]. Group 3: Strategic Importance - The initiative to support Intel is part of a broader strategy to enhance the U.S.'s advanced chip manufacturing capabilities, which are essential for maintaining competitive advantage in technology and security [3].

Core Viewpoint - Intel's stock rose over 2% following reports that the Trump administration is considering using funds from the CHIPS Act to invest in Intel shares [1] Company Summary - Intel's stock performance has been positively impacted by potential government investment [1] Industry Summary - The CHIPS Act funding is being explored as a means to support semiconductor companies like Intel [1]

Core Viewpoint - Intel's CEO Lip-Bu Tan is scheduled to meet with President Trump on August 11, following Trump's public criticism of Tan's ties to Chinese companies, which has raised significant attention [2][3]. Group 1: Meeting Context - The meeting comes amid heightened tensions, as Trump has demanded Tan's immediate resignation due to alleged connections with Chinese firms [2][3]. - Tan aims to discuss his personal and professional background and explore potential collaborations between the government and Intel in manufacturing [2]. Group 2: Strategic Focus - Tan intends to emphasize Intel's manufacturing capabilities as a core element of national security to gain Trump's approval [2]. - Under Tan's leadership, Intel plans to continue its strategy of investing $100 billion in U.S. chip manufacturing over the next five years, benefiting from the "CHIPS Act" [5]. Group 3: Internal and External Challenges - Despite the strategic focus, Intel's foundry revenue is primarily driven by internal production, and the company has decided to slow down the construction of a large semiconductor plant in Ohio to align with customer demand [6]. - Tan has faced strategic disagreements with some board members, including Chairman Frank Yeary, and has communicated with Intel employees to clarify the company's position and ensure the government is informed of the facts [6].

Core Viewpoint - The article discusses the challenges and contradictions faced by the U.S. semiconductor industry, particularly in relation to the CHIPS Act and the role of TSMC, highlighting the internal chaos and global competition that the U.S. is experiencing in its pursuit of technological sovereignty [3][4]. Group 1: CHIPS Act and TSMC's Role - The CHIPS Act, initiated during the Biden administration, is now facing criticism and funding cuts from the Trump administration, revealing the complexities of U.S. technology policy [3]. - TSMC, as the largest foundry globally, is seen as a strategic asset for the U.S., receiving significant financial support for its investments in Arizona, including $6.6 billion in subsidies and $25 billion in tax incentives [3]. - Despite the financial incentives, TSMC's most advanced manufacturing processes (2nm and 1.4nm) will remain in Taiwan, indicating a strategic choice rather than a technical limitation [3]. Group 2: Global Competition and Subsidy Race - The U.S. has inadvertently sparked a global subsidy race, with major tech hubs investing over $150 billion in semiconductor manufacturing and R&D, raising concerns about potential overcapacity and profit compression [4]. - The original intent of the CHIPS Act was to reduce reliance on Asian supply chains and curb China's advancements in critical technologies, but the execution has led to a misalignment with these goals [4]. Group 3: Current Semiconductor Landscape - A 2022 survey by the U.S. Department of Commerce revealed that the most severe chip shortages were in traditional chips (40nm and above), which are primarily produced in Asia, indicating a disconnect between the CHIPS Act's objectives and the actual market needs [4]. - The political divide in the U.S. regarding semiconductor policy has led to uncertainty about the future of the CHIPS Act, with potential delays or renegotiations of subsidies, causing semiconductor companies to adopt a wait-and-see approach [4]. Group 4: Future Directions - The establishment of the National Semiconductor Technology Center (NSTC) in New York marks a new phase for U.S. semiconductor policy, focusing on advanced research in 1.4nm and quantum chips [5]. - Success in regaining technological leadership will require not only financial investment but also clear strategy and international coordination to avoid misdirection and execution imbalances [5].