The U.S. stake in Intel may be the beginning of a U.S. sovereign wealth fund, Hassett says

The U.S. government's 10% stake in Intel may pave the way for a U.S. sovereign wealth fund, according to Kevin Hassett, director of the National Economic Council. This move, linked to the CHIPS Act, is seen as a way to ensure taxpayers receive equity in return for government funding. Hassett emphasized that this is not a typical government intervention, as the stake does not grant voting rights. President Trump has expressed support for such deals, highlighting their potential to benefit the U.S. economy and job market.