Lates News

date
26/08/2025
The director of the National Economic Council at the White House, Hassett, stated on CNBC that the US government may follow Intel's model of investing in equity stakes in more companies. He said that such deals could become an important part of the plan to establish a US sovereign wealth fund. Hassett said, "It is certain that there will be more deals in the future, even if they are not in the semiconductor industry, they will be in other fields." However, he also emphasized that the Intel investment is a "very special case," pointing out that the nearly $9 billion subsidy was originally part of the 2022 "Chip Act." Hassett defended the initiative by stating that the funds would be converted into equity, but the government would not receive voting rights or control of the company. "In the past, the federal government has been rapidly disbursing funds to companies, but taxpayers have not received any returns," said Hassett.