The US government could take stakes in other companies after doing so with chipmaker Intel, Donald Trump's top economic advisor Kevin Hassett said Monday -- with the president himself expressing hope to have more cases like it.
Hassett, director of the National Economic Council, cited Trump's plans for a sovereign wealth fund in a CNBC interview, saying "I'm sure that at some point there'll be more transactions" in the semiconductor industry or others.
He was responding to a question on whether a recently announced deal for the US government to take a 10-percent equity stake in Intel was the start of broader efforts towards similar moves in other industries that authorities have been funding.
"I hope I'm going to have many more cases like it," Trump told reporters separately. "There wil