In 2025, the Trump administration took a more assertive stance in securing control over vital sectors like minerals and semiconductors. It did so by acquiring stakes in pivotal industries, a strategy designed to safeguard supply chain integrity and curtail reliance on China. The government has either already secured or is in the process of negotiating stakes in a range of companies, including Trilogy Metals, Critical Metals, Lithium Americas, MP Materials, USA Rare Earth, and Intel.
Notably, the government owns a 15% share in MP Materials, establishing itself as the company's largest stakeholder. Similarly, it holds a 9.9% stake in Intel, ranking as the tech giant's second-largest shareholder. Furthermore, plans are underway to acquire stakes in entities such as Trilogy Metals and Critical Metals.
This strategic maneuver has bolstered the United States' capacity for self-reliance in these crucial sectors. However, it has also sparked concerns over potential market interference, with the long-term ramifications of this approach yet to unfold.
