WASHINGTON, Aug 25 (Reuters) - The federal government

could take stakes in other U.S. semiconductor companies or even

move to other industries, White House economic adviser Kevin

Hassett told CNBC in an interview on Monday following its stake

in Intel ( INTC ).

Hassett, asked if the Intel ( INTC ) deal was the start of a larger

effort by the U.S. government to take equity stakes in other

industries that it subsidizes, or other companies in the AI and

chip space that are subsidized such as Advanced Micro Devices

Inc ( AMD ) or Taiwan Semiconductor Manufacturing Co ( TSM ),

said there could be other similar transactions.

"I think this is a very, very special circumstance because

of the massive amount of CHIPS Act spending that was coming

Intel's ( INTC ) way," the National Economic Council director told CNBC.

"But the president has made it clear all the way back to

the campaign that he thinks that, in the end, it would be great

if the U.S. could start to build up a sovereign wealth fund. And

so I'm sure that at some point there'll be more transactions, if

not in this industry in other industries," Hassett said.

The Intel ( INTC ) investment marks the latest unusual deal with

U.S. companies that has worried critics, who say Trump's actions

create new categories of corporate risk.

Under Trump, the U.S. government has allowed AI chip giant

Nvidia ( NVDA ) to sell its H20 chips to China, allowed the

Pentagon to become the largest shareholder in mining company MP

Materials ( MP ) and acquired a "golden share" with certain veto

rights as part of Japan's Nippon Steel ( NISTF ) purchase of U.S.

Steel.