The U.S. government could take equity stakes in more companies in the future as the Trump administration looks to build a sovereign wealth fund, National Economic Council (NEC) Director Kevin Hassett said Monday.

President Trump announced Friday that Intel agreed to give the federal government a 10 percent stake in the struggling company in exchange for money previously allocated under the Biden-era CHIPS and Science Act.

In an interview on CNBC’s “Squawk Box,” Hassett made clear the government does not have voting shares in the company, “so there’s not going to be government intrusion into the business of Intel.”

“It's more like a down payment on a sovereign wealth fund, which many, many countries have,” Hassett continued.

Hassett described the Intel deal as a “special circumstance” b

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