Taiwanese Investors Flee US Bond ETFs as Currency Risks Mount
Such products listed in Taiwan — Asia's most active bond ETF market — have seen about $3.3 billion of outflows so far this year, according to Bloomberg-compiled data. It's the largest half-year withdrawal since 2020 and outpaced other Asian markets, the data show.
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Chinese state media calls U.S. a 'surveillance empire' over trackers in chip shipments
BEIJING (Reuters) -The United States' practice of installing location trackers in chip shipments at risk of diversion to China reflects the "instincts of a surveillance empire," China's state-run media outlet Xinhua said in a commentary published on Friday. Reuters reported earlier this week that U.S. authorities had secretly placed location tracking devices in targeted shipments of advanced chips to detect diversions to China, which is under U.S. curbs for advanced chip exports. The Xinhua commentary, titled "America turns chip trade into a surveillance game," cited "reports" that Washington had embedded such trackers, accusing the United States of running "the world's most sprawling intelligence apparatus". The U.S. government has in the past few years tightened restrictions on the exports of advanced chips as well as related technology and equipments to China, as the two superpowers vie for technological dominance. The Chinese commentary follows longstanding accusations from Washington and its Western allies that China could use some exported products, from telecommunications equipment to vehicles, for surveillance, posing potential security risks. In 2022, the Biden administration banned the sale and import of new telecommunications equipment from several Chinese firms, including Huawei, citing national security concerns. In January, it intensified scrutiny by targeting China-made cars and trucks. In its commentary, Xinhua accused the U.S. government of seeing its trading partners as "rivals to be tripped up or taken down," adding that "if U.S. chips are seen as Trojan horses for surveillance, customers will look elsewhere." China's cyberspace watchdog last month said it had asked U.S. chipmaker Nvidia to explain whether its H20 chips had any backdoor security risks - a hidden method of bypassing normal authentication or security controls. Chinese authorities have also cautioned domestic tech firms over their use of H20 chips, Reuters recently reported. Sign in to access your portfolio
Entrepreneur
2 hours ago
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Smart Mobility Maker
Since its inception, Alt Mobility has experienced rapid growth, deploying over 13,000 EVs and operating in more than 30 cities. Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. When Dev Arora co-founded Alt Mobility in 2022, he had a clear goal in mind: to make electric mobility more accessible and practical for India's expanding transportation landscape. With his experience in startup innovation and a keen sense for market opportunities, Arora recognised that one of the biggest hurdles to EV adoption wasn't the technology—it was financing. "Traditional lenders weren't built for the EV revolution," Arora, Co-founder and CEO of Alt Mobility, explained. "We needed to develop a new model, one that caters to both businesses and everyday drivers." This new approach led to the creation of Alt Mobility—an EV leasing and asset management platform that goes beyond just providing vehicles. The startup has built a comprehensive ecosystem that includes maintenance, servicing, roadside assistance, and access to an extensive charging and service network. Since its inception, Alt Mobility has experienced rapid growth, deploying over 13,000 EVs and operating in more than 30 cities. With an asset under management (AUM) exceeding INR 250 crore, it now caters to both commercial fleets and individual drivers, offering flexible and cost-effective leasing solutions. "For many people, purchasing an EV feels risky," Arora noted. "We eliminate that uncertainty by providing all-inclusive plans that cover service, warranty, insurance, and even 24/7 support." At the core of Alt's offerings is its proprietary FleetOS platform, which utilises AI, IoT, and telematics to monitor vehicle health, track usage, and ensure proactive maintenance. This not only prolongs the life of the vehicles but also maximises uptime—essential for businesses that depend on having vehicles ready for revenue generation. What sets Alt Mobility apart is its Drive-to-Own model, which enables drivers to gradually shift from leasing to ownership. This approach has been particularly beneficial for individuals who lack access to traditional financing, fostering economic empowerment and long-term asset creation. "Ownership is a powerful thing, especially for those working to build their livelihoods," Arora emphasised. "We aimed to create a pathway that makes that possible." Scaling the business definitely came with its challenges. Getting customers on board with a new approach to owning and managing vehicles meant we had to focus on education and building trust. "Alt tackled this by blending innovation with robust support systems and forming partnerships throughout the EV value chain—from manufacturers to charging networks," he explained. Looking to the future, Dev sees opportunities to branch out into four-wheeled cargo vehicles and electric buses, strengthening their foothold in key markets across India and playing a crucial role in the nation's shift towards clean mobility. "The future of transportation in India is electric. We're committed to fostering a cleaner, smarter, and more sustainable future for India's mobility landscape," he added. Facts:
Yahoo
2 hours ago
- Yahoo
Intel stock jumps on report Trump admin. is considering stake
Shares of Intel (INTC) jumped 7% following a Bloomberg report that the Trump administration is considering taking a stake in the chip giant. The report states that the size of the stake the government would take is unclear, with one of the outlet's sources stressing that talks were fluid. Market Domination Overtime Anchor Josh Lipton reports the breaking details, and Investopedia editor in chief Caleb Silver weighs in. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime. the Trump administration considering taking a stake in chipmaker Intel. This is going to bloomberg news. That deal would help shore up intel's plan factory hub in Ohio, according to the report. Company had once promised to turn that site, remember, into the world's largest chip making facility. It's unclear the size of this potential stake the US would have, but the plans seem to have stemmed from a meeting this week, remember between President Trump and Intel's chief executive officer. The ideas for the US government to pay for the stake, details being sorted out. Caleb, headlines coming fast and furious. The stock reacting about two percent in the after hours. What do you make of it? Yeah. Well, things have really changed for the Putan, the CEO of Intel because just a week, week and a half ago. Trump was saying you're out. He wanted his ouster. He called for his head. Yeah. Right. So this is administration getting very deep into the private sector into some of the most important companies in the market, doing some of the most important things. And the reality for Intel is they have the manufacturing base here more than any other chip maker in the US to produce a lot of chips. And if we're going to become a chip producing nation, we're going to need Intel. We're going to need its foundry. We're going to need all of its factories all over the southwest and everywhere else to make as many chips as possible. The fact that the US might take a stake, that's an interesting conflict of interest, but everything is interesting these days with this administration. You know, the reports saying this is fluid. It sounds like we don't have a lot of details yet. So we'll see how this all flushes out and works out. It is interesting though, Caleb, as a long time market watcher that you are, when we talk about Intel, and here you have this, this storied American company. But on this show, listen, we talk about Nvidia and AMD, and Broadcom, and Micron, and you name it. Intel is not discussed all that much. It is not in the bloodstream like it used to be. Because it missed arguably the AI chip making wave. It's catching up to it, but it got, it missed the head start that Nvidia was on to, that AMD was on to, that a lot of these other chip makers have invested in tens and hundreds of billions of dollars over the last few years, and they've been rewarded for it. So it missed that. It's losing a big customer in Apple who's going to be making its own chips, and it lost its way arguably for a while. But it does have the infrastructure in place in this country to do a lot of chip manufacturing if it had the investment. So far, it doesn't have any big customers for its foundry business, which it invested a lot of money, and that was supposed to be the future. Maybe this, if it's true, turns things around a little bit, but we haven't mentioned Intel in a while. We had mentioned Cisco in a while, and Cisco on the program earlier today. These are like partying, like it's 1999 all over again. It sounds like Intel's declined comment on the discussions. Just sounds like the White House not immediately responding to request for comment either, but we'll keep you posted on headlines as they come.
