Group 1 - The U.S. government is exploring a "subsidy for equity" plan to acquire stakes in major chip manufacturers like Intel, Micron, Samsung, and TSMC [1][2] - The Biden administration aims to secure a 10% stake in Intel as part of the broader strategy to enhance national security and economic interests [1][2] - The Chips and Science Act, valued at $52.7 billion, is being considered for equity requirements as a new condition for funding disbursement [2][3] Group 2 - This initiative marks a significant shift in U.S. government involvement in key industries, potentially setting a precedent for direct government ownership in major companies [3] - Historically, the U.S. government has used equity investments during economic crises to stabilize markets, but this is the first instance in the semiconductor sector [3] - The equity requirement may complicate investment decisions for foreign companies like TSMC and Samsung, as they must balance market access with operational autonomy [3]

US Treasury Market - The 2-year US Treasury yield decreased by 1.69 basis points to 3.738%[2] - The 5-year US Treasury yield fell by 2.27 basis points to 3.819%[4] - The 10-year US Treasury yield dropped by 2.54 basis points to 4.306%[4] Economic Data - In July, the total number of building permits in the US was 1.354 million, below expectations[3] - China's tax revenue from January to July decreased by 0.3% year-on-year, while non-tax revenue increased by 2%[3] - The stamp duty on securities transactions in China for January to July was 93.6 billion yuan, a year-on-year increase of 62.5%[3] Market Indices - The Nasdaq index closed at 21,314.95, down 1.46%[5] - The Dow Jones Industrial Average closed at 44,922.27, up 0.02%[5] - The S&P 500 index closed at 6,411.37, down 0.59%[5] - The Hang Seng Index closed at 25,122.90, down 0.21%[5]

Group 1 - The U.S. Secretary of Commerce, Gina Raimondo, is exploring the possibility of the federal government acquiring equity stakes in chip manufacturers that receive funding under the CHIPS Act for building factories in the U.S. [1] - This initiative extends from previous plans where the U.S. aimed to obtain partial equity in Intel in exchange for cash subsidies [1] - Raimondo is considering how the U.S. can secure stakes in companies like Micron Technology, TSMC, and Samsung while providing them with funding from the CHIPS Act, with most of the funds yet to be disbursed [1]