Chipmaker Intel has agreed to give the US government a 10-percent stake in its business, the company and President Donald Trump announced Friday.

Global investors dumped tech stocks following the emergence of a low-cost Chinese AI assistant startup DeepSeek that would threaten Nvidia. This led the tech-heavy Nasdaq to fall 3.1 percent on Monday.

The layoffs could affect about 10 percent of the workforce.

SANTA CLARA, US -  The CEO of Nvidia said that the world's most valuable chipmaker is "extremely likely" to invest in Europe. Nvidia's Jensen Huang told reporters that expanding in Europe was a "wonderful idea." By investing money in Europe, Nvidia would join other semiconductor giants like Intel that are also...

BEIJING, CHINA - Chinese authorities have begun an investigation into leading US memory chipmaker Micron Technology, a decision Beijing's foreign ministry said Monday was intended to "safeguard national security". The probe escalates an already fierce battle between Beijing and Washington for supremacy in the field of semiconductors as broader bilateral relations...

Fears have been growing in Europe's economic powerhouse about an over-reliance on Beijing, and letting critical infrastructure fall into the hands of Chinese state-linked companies. In particular, the microchip industry has come under scrutiny, as it produces key components used across industry.

The IPO comes at a time when demand for semiconductors and microchips is red hot due to the ongoing global shortage that has negatively impacted sectors ranging from automotive manufacturing to consumer electronics, forcing many companies to scale back production and cut targets.