Group 1 - The Trump administration is considering reallocating at least $2 billion from the CHIPS Act to finance critical mineral projects and enhance the influence of Commerce Secretary Gina Raimondo in this area [1][2] - The move aims to reduce U.S. dependence on foreign critical minerals used in electronics and defense industries, and to unify the U.S. strategy for financing critical minerals [1][4] - The CHIPS Act, totaling $52.7 billion, was signed by President Biden in 2022 to strengthen domestic semiconductor production and reduce reliance on Asia [2] Group 2 - The U.S. Department of Energy recently proposed $1 billion in funding for critical mineral projects, sourced from the Bipartisan Infrastructure Law [3] - The administration plans to empower Raimondo to take a leading role in the allocation of critical mineral funds, replacing the current fragmented management by the Pentagon and other agencies [3][4] - Analysts suggest that this initiative is aimed at securing the semiconductor supply chain and reshaping U.S. influence in the global critical minerals sector [4]

Group 1 - The core assets' value is being redefined by national security, supply chain stability, and energy independence, with significant capital inflows from the US, France, Japan, and emerging economies [1][4] - SoftBank's $2 billion equity investment in Intel at $23 per share highlights the strategic importance of Intel in the US semiconductor manufacturing and supply chain expansion [2][3] - The US government's potential plan to convert part of the $10.9 billion subsidy for Intel into approximately 10% equity indicates a shift towards non-market valuation based on strategic necessity rather than current profitability [2][4] Group 2 - The shift in asset pricing logic reflects a global re-evaluation of core assets, with examples including the French government's takeover of EDF and Japan's national fund investing in JSR [3][4] - The transition from a focus on efficiency and capital returns to prioritizing national security and supply chain stability is reshaping the underlying logic of asset pricing [4] Group 3 - Key global core assets include major players in defense, semiconductor manufacturing, and energy sectors, such as Lockheed Martin, Intel, and NextEra [6][8][11] - The list of global core assets emphasizes the strategic importance of companies in the semiconductor and energy sectors, which are crucial for national security and economic stability [5][10][12]