Intel and NVIDIA just shook up the semiconductor landscape with a $5B partnership. This deal goes far beyond capital - it signals a shift in strategy, competition, and U.S. industrial policy. Intel gains a new lifeline in AI and data centers, NVIDIA tightens control of its CPU-GPU stack, and the broader ecosystem from hyperscalers to equipment suppliers stands to benefit. Combined with the U.S. government’s 9.9% Intel stake, this marks a turning point for American chip leader