US President Donald Trump said on Friday that the US would take a 10% stake in struggling chip maker Intel.
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Global share markets came under pressure on Wednesday after a tech-led selloff on Wall Street.
The US government is reportedly in discussions about taking a stake in the struggling chip maker.
The move that could benefit Elon Musk’s SpaceX and other private space ventures.
The Dongfeng Box is one of South Africa’s newest budget EV contenders, and Watts & Wheels has driven it.
China wants the US to ease export controls on chips critical for artificial intelligence as part of a trade deal.
Nvidia and AMD have agreed to give the US government 15% of revenue from sales to China of advanced AI chips.
Intel CEO Lip-Bu Tan is already facing an uphill battle in turning around the ailing chip maker.
US President Donald Trump called for the immediate resignation of Intel’s new CEO, Lip-Bu Tan.
Cyril Ramaphosa and Donald Trump spoke by phone on the eve of the introduction of the US’s punitive new tariff regime.