Trump Promises New Agreements with Stake Companies

• Trump defends the agreement with Intel, promising larger investments.
• The economic advisor proposes the creation of a sovereign fund.
• Criticism of the agreement from the Republican side is intensifying.

Main Facts

The President of the USA, Donald Trump, attacks critics of the agreement regarding the acquisition of 10% of Intel's shares, calling them "fools." He insists that similar agreements will continue to be made in the future. This has been noted in the report that such actions may politicize private companies.

Trump stated that the US government "does not subsidize anything" for Intel, referring to the use of grant funds for investment. The agreement became possible thanks to the CHIPS Act and science, adopted by the Biden administration.

Kevin Hassett, one of Trump's economic advisors, reported that the government could allow the acquisition of stakes in other companies through the American sovereign fund. He noted that the agreement with Intel is a "unique case" since it is related to significant expenditures on the CHIPS Act.

Trump has also signed agreements with Nvidia and AMD, asserting that companies that make favorable agreements with the USA will receive support.

Criticism

This intrusion by the president into the private sector has drawn criticism, even from Republicans. Former US Ambassador to the UN Nikki Haley stated that Intel will become a "test case" for what is not worth doing.

Trump also emphasized that he does not intend to "pick winners and losers," while his administration is already the largest shareholder of Intel, and also holds a "golden share" in U.S. Steel.

Tags: USA/Politics/Economy/Technology