Tech
White House’s Hassett says US could take stakes in other chip companies
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The federal government could take stakes in other US semiconductor companies or even move to other industries, White House economic adviser Kevin Hassett told CNBC in an interview on Monday following its stake in Intel.
Hassett, asked if the Intel deal was the start of a larger effort by the US government to take equity stakes in other industries that it subsidizes, or other companies in the AI and chip space that are subsidised such as Advanced Micro Devices Inc or Taiwan Semiconductor Manufacturing Co, said there could be other similar…
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