Trump’s Shopping Spree for Equity Stakes Nears $21 Billion

The Trump administration’s $20.9 billion buying spree for equity stakes in private-sector companies is the biggest such push into strategic industries since the Second World War, according to research by the Council on Foreign Relations.

Since Donald Trump returned to office in January 2025, the US government has announced 15 deals to invest in companies in an expedited drive to shore up supply chains for rare earth minerals, semiconductors and other sectors, CFR found in research shared with Bloomberg. Companies involved range from Intel Corp. — the biggest single commitment – to Westinghouse Electric Co. and MP Materials Corp, which runs the US’s only rare earths mine.