National Economic Council Director
https://www.nbcnews.com/business/business-news/us-stakes-companies-trump-sovereign-wealth-fund-rcna226946 told CNBC that the U.S. government could perhaps take equity stakes in more companies through an American sovereign wealth fund.
Governments throughout Europe, Asia, and the Middle East use such funds to make investments in companies and other financial assets, CNBC added.
"The bottom line is that because of the CHIPS Act, the U.S. government had decided to give a whole bunch of money to Intel, and President Trump and [Commerce Secretary] Howard Lutnick … talked to Intel about the progress they were making and the hurdles they had to hop over in order to get the money, and I don't think they were particularly happy with that progress," Hassett told CNBC.
"So, in the end, they worked out a deal where Intel is going to get the CHIPS money but in exchange we're going to get some equity, and the equity is not voting, so there's not going to be government intrusion into the business of Intel. It's more like a down payment on a sovereign wealth fund, which many, many countries have."