U.S. Treasury Secretary Scott Bessent said the Biden administration is not considering taking an equity stake in Nvidia, telling Fox Business on Wednesday that the world’s most valuable chipmaker “doesn’t need financial support.” He added that the idea of Washington buying into the California-based semiconductor group is “not on the table.” Bessent contrasted Nvidia’s position with recent government interventions in other companies that Washington views as strategically important. Last week the administration disclosed a near-10% holding in Intel, and in June it secured a so-called golden share that gives it veto power over the U.S. operations of U.S. Steel after the firm’s acquisition by Japan’s Nippon Steel. While ruling out an investment in Nvidia, Bessent said other industries—such as shipbuilding—could still see government capital if it strengthens security or supply-chain resilience. He also reiterated concerns that advanced chips fabricated in Taiwan pose a national-security risk, underscoring the administration’s broader strategy to bolster domestic production without extending direct financial support to Nvidia.