Baigong Guard: US government may follow the Intel agreement and invest in other companies

The U.S. White House national economic consultant Kevin Hassett said on the 25th that he believes that the US government may continue to adopt a similar way to investing in Intel, holding more corporate shares, and hopes to finally establish a top f...


The U.S. White House national economic consultant Kevin Hassett said on the 25th that he believes that the US government may continue to adopt a similar way to investing in Intel, holding more corporate shares, and hopes to finally establish a top financial fund.

Baigong announced on the 22nd that in accordance with a agreement reached with US chip manufacturing giant Intel, the US government will spend about US$8.9 billion to obtain 10% of the company's shares, part of which comes from the Chips Act.

Hassett pointed out when he was interviewed by the American financial media CNBC program Squawk Box, "I think this is a very special situation because there is a large amount of capital investment from the chip method."

He also said: "But the president had shown as early as the election period that he believed that it would be a good thing for the United States to finally establish a wealth fund. So I am sure there will be more transactions at some point in the future, even if it is not in this industry, it may be other industries."



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