In the latest edition of The Economist, titled "The Mirage of Domestic Chip Production in the US," it is highlighted that Intel, a former chip colossus, has plummeted from its position as the world's second-largest company to a market value of a mere $100 billion. In an attempt to remedy this situation, US President Trump has even contemplated semi-nationalizing Intel. This action underscores the profound difficulties confronting the domestic chip manufacturing strategy in the US. Once the unrivaled leader in the PC chip market, Intel now finds itself virtually absent in the advanced AI chip realm. Its predicament starkly illustrates the perils of governmental market intervention.