Wednesday, August 27, 2025

USA Treasury Secretary Scott Bessent weighs in on the USA stake in Intel, the Fannie Mae–Freddie Mac deal, U.S.-India relations, and more during a wide-ranging interview

 



The USA "deal" with Intel involves the USA government taking a 10% stake in the company, which converts previous federal grants into equity, to support American semiconductor manufacturing and national security, particularly in the crucial artificial intelligence industry. This interventionist approach aims to reduce USA dependence on foreign chip production and strengthen domestic technological leadership, though some analysts question the long-term effectiveness and "socialist" implications of the move.