US Treasury Secretary Scott Bessent stated that any potential investment by the Federal government in Intel will be aimed at supporting its stability and boosting its production capacity, stressing that Washington will not force companies to buy its chips.
In statements to CNBC on Tuesday, Bessent said that the rumored intention of the government to acquire a 10% stake directly in Intel is not on the table, explaining that it will be limited to converting some government grants into an actual investment.
He also said that any investment would not be aimed at forcing US companies to buy chips from Intel.
Bessent did not provide any details on the size or timing of the potential government investment. However, his remarks come after Japan's SoftBank Group announced its commitment to acquire a $2 billion stake in Intel.
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