Sec. Bessent Defends U.S. Stake in Intel: ‘Chips Are a Strategic Necessity for Us’

EXCERPT:

BESSENT: “What President Trump is doing, President Trump is going to be the only president in modern times who creates assets for the American people rather than debt. And we looked, he saw that Intel had been given grants and wanted to know why the American taxpayer wouldn't participate in the upside. So there's 11 billion of immediate value. And I think there's a very good chance here that it could be much more. But as you said, chips are a strategic necessity for us.”