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Scott Bessent: “The government took a stake several months ago under…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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ONE WEEK WARNING: Bessent predicts Iran could be forced to shut down oil wells

Published | Video Starts at 13:42

… and we are trying to bring back key industries, whether it is semiconductors, critical minerals, our pharmaceutical supply chains, steel. And with intel, intel is our national champion with semiconductors. The government took a stake several months ago under President Trump's direction. I was in the Oval when He told the CEO of Intel that he would like a 10% stake. The CEO turned it over and the US government's made between 30 and 40 billion dollars on that. (13:42–13:47)

CLAIM

Asserts that the government took a stake in Intel under President Trump's direction.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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