Bessent says the US wouldn't use a rumored stake in Intel 'to drum up business'

A US stake in Intel doesn't mean that President Donald Trump would put his finger on the scale for the beleaguered chipmaker. Treasury Secretary Scott Bessent said on Tuesday that while the White House wants to increase US-based production of semiconductors, it would not pressure companies to do business with Intel. "Yeah, the last thing we're going to do is put pressure, is to take a stake and then try to drum up business," Bessent said during an interview on CNBC." Business Insider tells the innovative st ...