Author: Deal Street Asia Online News

Impossible to move chip factories out of Taiwan, says TSMC

Taiwanese contract chipmaker TSMC, whose major clients include Nvidia and Apple, said on Tuesday it had held talks with some customers about moving its chip plants off the island as tensions mounted with China but such a move would be impossible. Tensions between China and Taiwan have increased sharply since Beijing launched war games around the democratically governed island last month following inauguration… Continue reading Impossible to move chip factories out of Taiwan, says TSMC

Qatar wealth fund said to be buying 10% stake in Chinese asset manager

Qatar’s sovereign wealth fund has agreed to buy a 10% stake in China’s second-largest mutual fund company, two sources said, underscoring Beijing’s increasing ties with the Middle East amid rising tensions with the West. Qatar’s proposed investment in China Asset Management Co (ChinaAMC) comes amid a flurry of activities between China and Gulf countries to… Continue reading Qatar wealth fund said to be buying 10% stake in Chinese asset manager

Chinese chip designer Unisoc raises $552m in equity financing: reportUnisoc ranked fourth globally in its shipment of smartphone APs.

Chinese chip design company Unisoc (Shanghai) Technologies has raised over 4 billion yuan ($552.2 million) in equity financing as Beijing’s push to realise semiconductor self-sufficiency is expected to bring growth opportunities to domestic players. A group of state investment platforms in China, financial institutions, securities companies, and private capital investors participated in the deal, the… Continue reading Chinese chip designer Unisoc raises $552m in equity financing: reportUnisoc ranked fourth globally in its shipment of smartphone APs.

India seeks firms make additional disclosures to fast track public offers, document shows

India’s market regulator wants companies looking to go public to share more information as it seeks to fast track public offers, according to a letter sent to merchant bankers last week. The regulator has sought 31 additional disclosures, the most significant of which are information about conflict of interest with management, directors, large shareholders, subsidiaries… Continue reading India seeks firms make additional disclosures to fast track public offers, document shows

BlackRock appoints Yik Ley Chan to lead private credit in SE Asia

US global investment management firm BlackRock announced on Tuesday that it has appointed Yik Ley Chan to lead its private credit investments in Southeast Asia. From July 2024, Chan will be based in Singapore and lead the origination and execution of private credit efforts in Southeast Asia, which BlackRock said was a promising market for… Continue reading BlackRock appoints Yik Ley Chan to lead private credit in SE Asia

Canadian billionaire Prem Watsa to step down as Fairfax India chairman

Fairfax India Holdings Corp on Monday said Prem Watsa, popularly known as “Canada’s Warren Buffett”, will step down as the investment firm’s chairman. He will be replaced by his son Benjamin Watsa, effective July 1, as chair but will continue to serve as a director on the board, the company said. The firm also hired… Continue reading Canadian billionaire Prem Watsa to step down as Fairfax India chairman

GenAI to separate the haves from the have-nots in startup world, says Capria’s Dave Richards

Dave Richards, managing partner, Capria Ventures The world of startups is being split into two by the arrival of generative AI (GenAI), and those who can leverage this new technology ahead of their peers will have a significant advantage in attracting funding, according to Dave Richards, co-founder and managing partner of Capria Ventures. Start your… Continue reading GenAI to separate the haves from the have-nots in startup world, says Capria’s Dave Richards