White House economic adviser Kevin Hassett on Monday defended the federal government’s new stake in a mega U.S. chipmaker — and hinted at similar future deals.

The Trump administration announced a 10% stake in Intel on Friday, in a unique flex of power to apply federal control over a private business. According to a joint statement announcing the agreement, it amounts to an $8.9 billion investment in common stock, while U.S. officials will not seek direct representation on the technology’s board. However, they will vote on matters requiring shareholder approval with “limited exceptions.”

Trump defended the new acquisition on Monday, writing that around $11 billion “goes to the USA.”

“Why are ‘stupid’ people unhappy with that?” Trump wrote on his Truth Social platform. " I will make

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