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US Treasury Secretary: No Plans for Nvidia Stake Despite Intel Investment

By  |  August 27, 2025

In an interview with Fox Business’ “Mornings with Maria,” US Treasury Secretary Scott Bessent explained that the government does not see a need to provide direct financial backing to the semiconductor giant. “I don’t think Nvidia needs financial support, so that seems not on the table right now,” he said, according to Reuters.

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    While dismissing the idea of taking a position in Nvidia, Bessent noted that other industries could potentially receive government involvement. He suggested that sectors such as shipbuilding might warrant closer consideration as the administration continues to examine strategic areas of the economy. “Could there be other industries where that we’re reshaping, something like ship building? Sure, there could be things like that,” Bessent said, per Reuters.

    Read more: House Panel Flags DeepSeek as Threat, Eyes Nvidia Sales

    The remarks come after the Trump administration announced a nearly 10% stake in Intel last week, a move highlighting Washington’s increasing willingness to intervene in the private sector. The administration has also taken steps in the steel industry, securing what Trump described as a “golden share” in U.S. Steel when it was purchased by Japan’s Nippon Steel in June, granting the government influence over its operations, Reuters reported.

    Bessent’s comments underscore the administration’s selective approach to direct government involvement, steering away from dominant players like Nvidia while keeping open the possibility of intervention in other critical industries.

    Source: Reuters