Squawk Pod NEC Director Hassett on the Intel Deal: More Are Coming 8/25/25
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Aug 25, 2025 
Kevin Hassett, Director of the National Economic Council and former chairman of the Council of Economic Advisers, dives into the U.S. government's new 10% stake in Intel, hinting at more deals on the horizon. Sports entrepreneur Mark Ein, who co-owns the Washington Commanders and the DC Open, shares insights on player evolution at the US Open and the unique experiences it offers. They also discuss how government involvement is reshaping industries, the surprising events at the US Open, and the economic factors influencing sports today.
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Taxpayer Equity From CHIPS Funds
- The U.S. government accepted a 10% nonvoting equity stake in Intel in exchange for CHIPS Act funds.
- Kevin Hassett framed this as taxpayers receiving value rather than pure grants.
State Support Is Reshaping Markets
- State support for domestic industries is accelerating and changing competitive dynamics.
- Wilfred Frost warned the U.S. is moving away from a pure free-market posture with large subsidies.
Possible Start Of A Sovereign Fund
- The administration signals more equity transactions could follow as part of building a sovereign-wealth-style position.
- Hassett said this may expand beyond chips into other industries receiving federal support.