Moody's: US chip intervention measures may lead to efficiency.

Fitch Ratings indicates that the recent equity investment by the US government in Intel Corporation signals an upgrade in its industry policy, which could bring unexpected extensive efficiency distortions to the global semiconductor industry. Intervention is unlikely to have a negative impact on the overall credit situation of chip manufacturers. Fitch said: "If the deal is legally confirmed, it may distort capital investments in wafer fabs in the United States, including Intel and current wafer fabrication leader TSMC, and encourage chip designers without wafer fabs to establish redundant supply chains".