The Taiwanese government has told U.S. officials that the chip shortage for automakers will likely abate in the fourth quarter of this year, Reuters reported. The move comes as concerns mount that Taiwanese chip makers aren’t prioritizing the automobile industry, which has been hit hardest by the shortage. The Taiwanese government was responding to a letter written by U.S. senators from...
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Tiger Global, Alkeon Slash Startup Valuations Amid Public Stock Selloff
For more than a year, startup founders have watched in awe and some trepidation as hedge funds and other large investors flooded private startups with big checks, pushing up valuations and making it easier than ever to raise money. Those freewheeling days may be numbered as a sell-off in public tech stocks bleeds into the startup world. Among the examples of change: Investors are starting to...
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