Sat. Nov 27th, 2021

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Hello, Mercedes here from Singapore. One of the most consequential consequences of the global semiconductor shortage is the shift and, in some cases, deepening alliances between technology companies around the world. This week we feature the strengthening partnership between Apple and Taiwan’s TSMC. Elsewhere, we follow the effects on India’s technology sector of Paytm’s disastrous stock issue and do not miss the FT’s podcast on Demetri Sevastopulo’s scoops about China’s new hypersonic missile technology that stunned the world. Until next week!

The Big Story – Exclusive

appeal go together TSMC reduce dependency Qualcomm. The American manufacturer of iPhones plans to adopt the technology of the Taiwanese chip titan to manufacture Apple’s first internal 5G modem chip by 2023 mass, according to this exclusive in Nikkei Asia.

In the latest iPhone series, these components are supplied by Qualcomm of the USA.

Key developments: Apple has been trying for several years to reduce its reliance on Qualcomm and gain more control over key semiconductor components. The two U.S. companies settled a lengthy legal battle over patent royalties in 2019, and Qualcomm recently confirmed that its stake in iPhone modem orders will drop to about 20 percent in 2023.

In addition to saving money on fees it pays Qualcomm, developing its own modem will pave the way for Apple to integrate TSMC’s chip with its internal mobile processor. This will give the US technology giant more control over its hardware integration capability as well as increase the efficiency of the chips.

TSMC was a key partner for Apple in its strategy to design more of its own components and is the sole manufacturer of iPhone processors and M1 Mac processors. The Taiwanese company also has hundreds of engineers stationed in Cupertino, California, to support Apple’s roadmap for chip development, sources said.

End: The deepening alliance between Apple and TSMC is a high consequent trend in the global semiconductor industry.

Mercedes’s top 10

  1. Demetri Sevastopulo’s scoops on China’s new hypersonic missile technology stunned the world. Podcast here a story here. (FT)

  2. As predicted by this newsletter, Apple will not comply with some Christmas wish list as the chip shortage bites. The iPad is the biggest accident. (Nikkei Asia)

  3. South Korea’s Samsung chose Taylor, Texas for its planned $ 17 billion US chip plant, which responds to Washington’s goal of more domestic semiconductor production. (FT)

  4. In the this week flares up again ban cryptocurrencies while Those of Indonesia top Islamic body urges Muslims in the world’s fourth most populous country to avoid of the products. (Reuters, Nikkei Asia)

  5. But other countries are going all in. A new digital currency backed by bank deposits and involving more than 70 companies, ready for a test run Japan. (Nikkei Asia)

  6. Superload request: Japan is doubling of subsidies for electric vehicles up to as much as $ 7,000, which puts it on par with the USA and Europe. (Nikkei Asia)

  7. Lower Chinese consumer spending and tax threats Alibaba’s share price. (FT)

  8. Spaces are back: Singapore superapp Grab gears in the USA for the largest merger worldwide with a blank check vehicle. (Nikkei Asia)

  9. That of Binance Singapore-based founder is in talks with sovereign wealth funds about them take a share in the world’s largest cryptocurrency exchange. (FT)

  10. A Japanese group develops a new method to cheap withdraw copper, nickel, cobalt and lithium from used EV batteries. (Nikkei Asia)

Japan will launch a new digital currency backed by bank deposits as countries rapidly diverge in their position on cryptocurrencies. © REUTERS

Our assumption

Just a few weeks ago, Masayoshi Son, founder of SoftBank, announced Paytm’s IPO as a “major event” for the Japanese conglomerate. SoftBank has taken a significant stake in the Indian fintech company – with about 18.5 per cent ahead of the IPO – and had high expectations for its public debut.

Paytm fell at the first hurdle. The company has one of the worst debut for a newly listed company in recent history. The blame game between the company, investors and bankers has already begun. An over-ambitious valuation, poor demand from wealthy individuals and a restriction on retail exposure due to Paytm’s lack of profit are some of the reasons given.

What about SoftBank? The productive technology investor has made a decent amount of money by selling some Paytm shares as part of the listing. In addition, despite its declining share price, the Indian company is still worth more than the $ 16 billion valuation at which SoftBank last bought shares.

In an interview After the IPO, SoftBank Vision Fund’s CFO said: “The stock has fallen, but we came in much, much earlier at a lower valuation. We invested in them three or four years ago, so that’s right. ”

All of this puts the spotlight firmly on upcoming India technology listings by SoftBank-backed companies. The Japanese group is in the pole position to a billion dollar windfall of IPOs such as PolicyBazaar and Oyo. SoftBank’s two Vision Funds, including Paytm, have invested about $ 11 billion in Indian start-ups.

Small investors may stay away if high valuations and subsequent falling stock prices hit them even harder than SoftBank.

– Mercedes

Slim data

A tree map showing where 14 major crypto-mining companies sent their Chinese machines

Fourteen of the world’s largest crypto-mining companies moved more than 2 million machines out of China in the months following the country’s move to ban mining, according to FT data. Where did they end up? Mostly in Russia – although eight of the 10 largest public mega-farms in the US have expanded the number of machines in their fleet since China’s ban. What is also interesting is how Asia is absent in the comparison. Read more here.


Ahmed Mazhari say it Microsoft is on a mission Support Asia’s female technology entrepreneurs.

“Talent is going to be the strategic advantage that will distinguish companies,” said Mazhari, Microsoft president for Asia. “And [yet] we have selectively excluded half of the talents. . . which in the past has enabled more men than women. ”

Under a new initiative, Microsoft plans to use its early-stage venture capital investment arm, M12, to invest with a fund managed by She loves technology, which provides mentorship and networks for female technology entrepreneurs. It organizes a community of more than 8,000 entrepreneurs in more than 50 countries, partnering with global venture capital firms and angel investors.

Microsoft and She Loves Tech have announced a multi-year partnership where Microsoft will provide Azure cloud computing services and other technology tools to start-ups supporting She Loves Tech.

When sages speak

China aims to become a “cyber superpower”, projecting its influence far beyond its borders. This crack new report of researchers at ASPI, the Australian think tank, shows how Beijing is working to build a consensus on the future of who will determine the rules, norms and values ​​of the internet.

The onslaught on technological regulations in China has been so rapid and widespread that it may seem dizzying. This rounding off of Carnap key and Valarie Tan at Merics, a Berlin-based think tank, puts it all clearly into perspective.

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