US Treasury chief says other sectors could see chips deal model

US Treasury Secretary Scott Bessent on Wednesday said an unprecedented deal to give the US government 15% of revenue from sales of some advanced semiconductor chips in China could move to other sectors, and rejected national security concerns.

"I think we could see it in other industries over time. I think you know, right now, this is unique. But now that we have the model and the beta test, why not expand it?" he told Bloomberg Television in an interview, echoing White House comments one day earlier.

"There are no national security concerns here. We would not sell any of the advanced chips," Bessent added.