Bloomberg Intelligence Trump Weighs 10% Government Stake in Intel as Softbank Buys In
Aug 19, 2025
Drew Reading, a U.S. Homebuilding Analyst at Bloomberg Intelligence, shares insights on Home Depot's recent rise in sales as customers focus on smaller home projects. He discusses the impacts of rising mortgage rates and changing consumer behaviors in the home improvement market. Additionally, the conversation touches on the challenges facing Intel amid potential government investment and competition with tech giants like TSMC and NVIDIA, highlighting the evolving landscape of the tech and housing sectors.
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Government Stake Stabilizes Intel
- The reported 10% US government stake in Intel is an unorthodox rescue that likely prevents a breakup.
- Dan Ives says it stabilizes Intel but doesn't solve long-term structural execution problems.
SoftBank Buy-In Raises Governance Questions
- SoftBank's buy-in signals outside investor confidence but creates governance questions.
- Ives warns government and private stakes can bring unintended consequences for chips and AI policy.
Onshoring Chips Is A Multi-Year Challenge
- Moving chip manufacturing and supply chains from Asia to the U.S. is costly and slow.
- Ives estimates it will take four to five years before meaningful onshore capacity appears.