After taking a 10% stake in Intel, the Trump administration says more deals converting government grants into equity in other US firms could follow. White House Economic Adviser Kevin Hassett noted other government-subsidized companies in the AI and semiconductor sectors as potential targets. However, the move has raised concerns over market intervention, with critics warning this could undermine US business competitiveness overseas and pose corporate risks.
00:00After taking an almost 10 percent stake in Intel, U.S. President Donald Trump says that more deals like this could follow.
00:08Now, in the case of Intel was interesting, but I hope I'm going to have many more cases like it.
00:14Intel was awarded a grant through the U.S. Chips and Science Act, but Trump threatened to withhold the funding unless Intel provided an equivalent amount in non-voting shares.
00:24White House Economic Advisor Kevin Hassett has said similar arrangements could be made with other subsidized companies in the AI and semiconductor sectors.
00:33The move has raised concerns about market intervention, with critics warning that it could undermine the competitiveness of U.S. firms overseas and pose corporate risks.
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