Signal US government takes equity in Intel and MP Materials with guaranteed prices

Summary

Eurasia Group cites several cases of the US government taking ownership positions in private companies. Grants under the CHIPS Act were turned into a 10% stake in Intel, which made the Treasury its biggest shareholder. The president holds a golden share giving him a personal veto over US Steel. The Pentagon bought 15% of MP Materials and guaranteed it prices at double the market rate for ten years. The report describes the last arrangement as a de facto form of price control in US mining that other commodity groups now lobby to copy.