Treasury Secretary Scott Bessent said the White House wouldn't try to flex its power with a stake in Intel.

Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick confirmed on Tuesday that the US government is considering an extraordinary investment in struggling chipmaker Intel. But they gave different answers about what the Trump administration sought to do with that stake.

U.S. Treasury Secretary Scott Bessent said the Trump Administration's plan to acquire a stake in Intel (NASDAQ:INTC) to help it develop a functioning foundry domestically is crucial for national security.

Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick confirmed Tuesday that the Trump administration is actively considering a direct investment in Intel, one of America’s most important but struggling chipmakers.

U.S. Treasury Secretary Scott Bessent clarified that any potential government investment in Intel aims to stabilize the company rather than compel businesses to use its chips. Amid speculation of a 10% stake investment,

Intel is getting a $2 billion capital injection from SoftBank Group in a major vote of confidence for the troubled U.S. chipmaker in the middle of a turnaround. The equity investment, announced by the companies on Monday,

Intel is getting a $2 billion lifeline from SoftBank and could get more from the Trump administration. But that might not be enough to save the ailing chipmaker.

Treasury Secretary Scott Bessent told CNBC that the U.S. government could convert billions in grants to Intel, into an ownership stake.

Facebook's $725M settlement payouts, a U.S. revenue-sharing deal with Nvidia and AMD, Intel stake talks, an AI chatbot-related death, and AMD's stance against Silicon Valley's talent war dominated this weekend's tech headlines.

Treasury Secretary Scott Bessent joins 'Squawk Box' to discuss the Alaska summit between President Trump and Russian President Vladimir Putin, Trump's meeting with Ukrainian President Zelenskyy and other European leaders,