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Trump Administration Rules Out Nvidia Stake, Focuses on Taxpayer Returns Through Intel Deal
Trump Administration Rules Out Nvidia Stake, Focuses on Taxpayer Returns Through Intel Deal
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BTCCSquare news:
The Trump administration has clarified it has no plans to take an equity stake in Nvidia, despite securing an $11 billion deal with Intel. Speaking on Fox Business, economic advisor Bessent emphasized that Nvidia "doesn’t need financial support," shutting down speculation about government intervention in the chipmaker.
The Intel deal, framed as a taxpayer investment rather than a handout, reflects President Trump’s broader strategy of creating assets for Americans. "There’s $11 billion of immediate value," Bessent noted, suggesting potential upside for taxpayers. Future equity deals may target other critical industries like shipbuilding to bolster U.S. self-sufficiency.
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