President Donald Trump and his top economic adviser on Monday said the U.S. could take equity stakes in more companies following a deal with chipmaker Intel.
Trump on Friday said Intel agreed to give the U.S. government a 10% stake in its business as part of a deal connected to the Biden administration’s CHIPS and Science Act.
“I PAID ZERO FOR INTEL, IT IS WORTH APPROXIMATELY 11 BILLION DOLLARS. All goes to the USA. Why are ‘stupid’ people unhappy with that? I will make deals like that for our Country all day long,” Trump wrote Monday on Truth Social.
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