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International Business Times
International Business Times
Business

Trump Advisor Says US May Take Stakes In Other Firms After Intel

Kevin Hassett, Director of the US National Economic Council, said the government could take stakes in other companies after Intel but plans to stay out of how firms are run (Credit: AFP)

The US government could take stakes in other companies after doing so with chipmaker Intel, President Donald Trump's top economic advisor Kevin Hassett said Monday.

Hassett, director of the National Economic Council, cited Trump's plans for a sovereign wealth fund in a CNBC interview, saying "I'm sure that at some point there'll be more transactions" in the semiconductor industry or others.

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