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Reporter To Leavitt: What Are Trump's 'Future Plans' For Stakes In US Companies After Intel Deal?
Forbes Breaking News
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4 months ago
White House Press Secretary Karoline Leavitt was asked about the Trump Administration's deal to take a stake in Intel and if there would be similar deals in the future.
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00:00
On the Intel deal, where the U.S. got a stake in that company, there's two things I want to ask about that.
00:07
The first is, what did the U.S. get back in return for that deal?
00:12
And the second thing is, what are the future plans for giving any form of money to another company?
00:18
It could be through the Chips Act, like this deal, or some other form of funds.
00:21
What are the plans there by this White House administration?
00:23
Well, look, as you know, Brian, very well, because you cover it often,
00:26
the Intel deal is still being ironed out by the Department of Commerce.
00:29
The T's are still being crossed, the I's are still being dotted.
00:33
These, you know, it's very much still under discussion.
00:36
But the President's thinking, I can share with you, is certainly to ensure that the United States government
00:41
is making our country wealthy again and is benefiting from some of these deals.
00:48
And it's a creative solution.
00:50
I know it's outside-the-box thinking, which is uncommon in this city,
00:54
but it's something that he proposed and something that the Secretary of Commerce is working on putting into action.
00:59
Mary.
01:00
Thanks, Caroline.
01:00
Thanks, Caroline.
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