US not eyeing stake in Nvidia, Treasury Secretary Bessent says

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A US stake in chipmaker Nvidia is “not on the table” Treasury Secretary Scott Bessent said on Wednesday.

“I don’t think Nvidia needs financial support, so that seems not on the table right now,” he said in an interview on Fox Business’ “Mornings with Maria” programme.

Bessent raised the possibility that the administration could take stakes in other industries.

“Could there be other industries where that we’re reshaping, something like ship building? Sure, there could be things like that,” Bessent said.

The Trump administration last week announced a…



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US not eyeing stake in Nvidia, Treasury Secretary Bessent says



A US stake in chipmaker Nvidia is “not on the table” Treasury Secretary Scott Bessent said on Wednesday.

“I don’t think Nvidia needs financial support, so that seems not on the table right now,” he said in an interview on Fox Business’ “Mornings with Maria” programme.

Bessent raised the possibility that the administration could take stakes in other industries.

“Could there be other industries where that we’re reshaping, something like ship building? Sure, there could be things like that,” Bessent said.

The Trump administration last week announced a…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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