U.S. could take stakes in more companies, Trump adviser says

The U.S. government, through the CHIPS Act, has taken a nearly 10% stake in Intel and may pursue further equity investments in companies, potentially establishing a sovereign wealth fund, according to National Economic Council Director Kevin Hassett. This move, described as a “down payment on a sovereign wealth fund,” has drawn mixed reactions, including criticism from some Republicans, while Trump claimed the investment cost nothing despite the $8.9 billion purchase.

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