Treasury Secretary Affirms No Business Leverage from Intel Stake

August 19, 2025 - 18:35

Treasury Secretary Scott Bessent has made it clear that the White House does not intend to use a potential stake in Intel as a means to exert influence or drive business interests. In a recent statement, Bessent emphasized that any involvement with the semiconductor giant would not be aimed at leveraging power for commercial gain. This declaration comes amid ongoing discussions about the critical role of semiconductor manufacturing in the U.S. economy and national security.

Bessent's remarks reflect a commitment to maintaining a transparent and fair business environment, underscoring that government investments should not be used as a tool for competitive advantage. The semiconductor industry has been a focal point for policymakers, especially as the U.S. seeks to bolster its technological capabilities. By distancing the government's intentions from potential business maneuvers, Bessent aims to reassure both the market and the public about the integrity of governmental actions in the corporate sector.