New Delhi, Aug. 27 -- The Donald Trump administration in the US has no plans of buying a stake in Jensen Huang's chipmaking major Nvidia, Treasury Secretary Scott Bessent said on Wednesday.

In an interview on Fox Business' "Mornings with Maria" TV show, the US leader was asked, "Would the president consider taking a stake in Nvidia?"

To this, he replied in negative.

"I don't think Nvidia needs financial support, so that seems not on the table right now," the US Treasury Secretary said.

However, Scott Bessent hinted that the Trump administration could invest in other industries.

"Could there be other industries where that we are reshaping, something like ship building? Sure, there could be things like that and these are critical indus...