Avantis Emerging Markets Ex-Chn Eq ETF

Deutsche Bank raises TSMC's target price to NT$2,200 due to tight production capacity

TSMC Reiterates: Most Advanced Processes to Stay in Taiwan, US Expansion Driven by Customer Demand

Japan revises up chip equipment sales forecast, driven by TSMC's 2nm investment and AI demand

Tomorrow's Theme Preview: Robots moving from 'able to move' to 'easy to use', with training data becoming a key industry bottleneck

Ministry of Economic Affairs assures that TSMC's advanced technology core will remain in Taiwan

TSMC's large-scale expansion in Taiwan and the US creates significant opportunities for power equipment suppliers

TSMC's Trading Volume Plummets as Market Pauses at High Stock Prices

Taiwan's Ministry of Economic Affairs comments on Micron's expansion in Taiwan and TSMC's US investment.

Expert analysis suggests the new US-Taiwan tariff agreement will solidify TSMC's core AI position

TSMC's stock soars and boosts its supply chain partners, driven by positive earnings and an optimistic AI outlook.

Nvidia CEO Jensen Huang to visit Taiwan at the end of January, according to reports

TSMC's net profit hits record high in Q4 2025, driven by AI demand

Multiple investment banks raise TSMC's price target after blowout Q4 results

TSMC Advances Arizona's Second Fab Mass Production to 2027 Amid Strong US Client Demand

Analyst Warns of Cybersecurity Risks Despite Strong TSMC Earnings

TSMC has a scheduled ex-dividend day on March 17, 2026

MediaTek's first 2nm chip, the Dimensity 9600, is ahead of schedule

CITIC Securities: TSMC's 2026 Capex Guidance Exceeds Expectations, Initiating a Growth Cycle for Domestic Substitution of Advanced Processes

TSMC executive expected to announce expanded investment plan in Taiwan next week

Taiwan's Ministry of Economic Affairs refutes 'TSMC becomes USMC' rumors

Venus Concept

Jeffs Brands

Jaguar Health

TNL Mediagene

Baiya

Locafy

ImmunityBio

Painreform

Bristol-Myers Squibb Company

NeoVolta

ASML

Morgan Stanley stated that driven by the AI wave, ASML's sales are expected to reach €46.8 billion by 2027, with earnings per share soaring 57% year-on-year to a record high. This is mainly due to strong demand from logic foundries such as Taiwan Semiconductor and the expansion of DRAM memory capacity. Morgan Stanley has significantly raised its target price to €1,400 and maintains its "preferred stock" status

- Morgan Stanley reports that ASML is positioned at the beginning of a strong profit cycle driven by AI, with 2027 expected to be a peak year for earnings.  
- Projected revenue for ASML in FY 2027 is about €46.8 billion, with EBIT reaching €19.7 billion and a gross margin rising to 56.2%.  
- Strong demand in advanced logic foundries, massive DRAM capacity expansions, and better-than-expected demand are key growth drivers, leading to a significant target price increase for ASML from €1,000 to €1,400.

Wallstreetcn

Taiwan Semiconductor

ASML's "Peak Moment"! Morgan Stanley: Under the expansion wave of advanced processes, it may 迎来 the strongest profit growth in 2027

- TSMC reported significant growth in Q4 2025, with a net profit after tax of 505.74 billion NTD, up 35% year-over-year, driven by strong demand for advanced manufacturing technologies.  
- The company's consolidated revenue reached 1.05 trillion NTD, a 20.5% increase from the previous year, with an earnings per share of 19.50 NTD, reflecting robust profitability from advanced process nodes.  
- Advanced process technology contributed 77% of total wafer sales, with 3nm shipments rising to 28%, indicating a shift by key clients to the latest technology nodes.

Demand for AI chips remains strong, TSMC's net profit in Q4 increased significantly by 35%, with total capital expenditure reaching $40.9 billion in 2025 | Financial Report Insights

As AI demand overwhelms global chip supply, a looming “silicon shock” risks cascading across Asia’s tech supply chains—posing inflation risks but also potential upside for hardware hubs like Singapore.

- The article discusses a significant silicon supply crisis driven by an explosion in demand for advanced semiconductors, particularly for artificial intelligence applications.  
- The supply chain is unable to meet this demand, resulting in skyrocketing prices and concerns among major tech executives regarding memory chip shortages.  
- The situation poses risks for tech products and inflation in Asia, particularly affecting countries like Singapore, which could benefit from investments in the evolving electronics supply chain.

LB Select

The ‘silicon shock’: When AI demand broke the supply chain

ICICI Bank Limited has received approval from the Pension Fund Regulatory and Development Authority (PFRDA) to acquire 100% shareholding in ICICI Prudential Pension Funds Management Company Limited (ICICI PFM) from ICICI Prudential Life Insurance Company Limited. This acquisition will make ICICI PFM a wholly owned subsidiary of ICICI Bank, subject to certain conditions.

Reuters

ICICI Bank

ICICI Bank Wins Regulatory Approval to Acquire ICICI Prudential Pension Funds Management

ICICI Bank Ltd. has been ordered by the West Bengal tax authority to pay ₹16.03 crore in GST, interest, and penalties related to services provided to customers with minimum balance accounts. The bank plans to appeal the order, as it is already involved in litigation on similar matters. The total amount exceeds the materiality threshold.

ICICI Bank Faces ₹16 Crore GST Demand from West Bengal Tax Authority

02378

Macquarie Capital has named ICICI Bank a top choice among large private banks in India, expecting strong credit growth and margin expansion amid a financial sector earnings recovery.12Prudential sold a 4.5% stake in ICICI Prudential Asset Management for $545 million. ICICI Bank, with a 51% stake, bought shares worth 21.40 billion rupees.3

TradingView

Prudential USD

Prudential

Prudential financial

Key facts: Macquarie Capital names ICICI Bank top choice; Prudential sells stake

VALE

Vale plans to increase its autonomous truck fleet fivefold by 2028 through a deal with Caterpillar and Sotreq. The fleet will grow from 18 to 90 units, enhancing safety, productivity, and reducing emissions at Vale's Northern System. The expansion involves converting existing vehicles, with trucks carrying up to 400 tons. Vale's investment in autonomous trucks totals $210 million through 2024.

Caterpillar

Vale SA

Vale to boost autonomous truck fleet fivefold in deal with Caterpillar

ICICI Bank's weight in the Nifty Bank index will gradually decrease starting December 30, 2025, due to SEBI guidelines, impacting its position by about $330 million.1On December 2, 2025, the Reserve Bank of India designated ICICI Bank as a Domestic Systemically Important Bank, requiring an extra 0.10% CET1 capital buffer on risk-weighted assets.2

Key facts: ICICI Bank's Nifty Bank weight to drop; RBI designates it D-SIB

Vale SA has announced a shareholder remuneration of R$3.58 per share, including dividends and interest on equity, for ordinary and preferred shares. This was approved by the Board of Directors.

Vale SA announces R$3.58 per share shareholder remuneration

The Ibovespa edged up to near 155,000, driven by hopes of lower interest rates from the Fed and BCB. New York Fed President John Williams hinted at possible rate cuts, boosting sentiment. Inflation projections for 2025 in Brazil also declined. Major banks and utilities showed mixed performance, with Banco do Brasil up 1.9% and Itaú down 0.3%. Petrobras fell 0.8% due to lower oil prices, while Vale rose 0.3% on stronger iron ore quotes.

Trading Economics

Ibovespa Inches Higher on Fed Cut Hopes

PT Vale Indonesia Tbk announced its strongest ESG Risk Rating of 23.7 from Sustainalytics, placing it among the top performers in the global diversified metals and mining sector. The announcement was made during the COP30 climate summit, highlighting the company's commitment to responsible mining, transparency, and climate-aligned technology. PT Vale emphasized sustainability and collaboration in supporting Indonesia’s role in the global electric vehicle supply chain and critical mineral development.

PT Vale Indonesia Reports Strongest ESG Risk Rating to Date

Asian markets fell on Friday, with the BSE Sensex down 523 points and NSE Nifty down 160 points, following a decline in US tech stocks due to economic uncertainty. ICICI Bank gained, while Bharti Airtel, HCL Tech, and TCS lost ground. The rupee is at Rs 88.7 against the dollar. Singtel plans to sell 0.8% of its stake in Bharti Airtel. Lupin reported a 24.2% revenue increase in Q2 FY26, while Bajaj Housing Finance saw a 14% revenue rise in the same quarter.

Talkmarkets

Sensex Today Tanks 523 Points; Nifty Below 25,350

Vale's CFO Marcelo Bacci hinted at special dividends soon, backed by strong cash flow and stable iron ore prices over $100 per ton. Net profit rose 11% year-over-year.1Vale reported a net profit of $2.69 billion for the third quarter, exceeding analysts' expectations of $2.1 billion, and marking an 11% increase year-over-year.2

Key facts: Vale's Q3 net profit rises 11% to $2.69 billion; special dividends hinted

Vale reported a net profit of $2.69 billion for Q3, an 11% increase year-over-year, surpassing analyst expectations of $2.1 billion. Adjusted EBITDA rose 21% to $4.4 billion, exceeding estimates. Iron ore production hit 94.4 million metric tons, the highest since Q4 2018. Net revenue increased 9% to $10.4 billion, above the projected $10.3 billion. Vale also revised its copper cost estimates to $1,000-$1,500 per ton and nickel costs to $13,000-$14,000 per ton.

Miner Vale posts net profit beat for third quarter

Vale SA reported a proforma net income of $2.7 billion for Q3 2025, marking a 78% increase year-over-year. Net income attributable to shareholders also reached $2.7 billion, an 11% rise from the previous year. The growth was driven by higher proforma EBITDA and adjustments related to the Samarco provision. Depreciation expenses rose by 2% to $761 million, while financial results improved to a negative $339 million. Income taxes were $83 million, compared to a negative $336 million last year. The quarterly statements were audited by independent auditors.

Avantis Emerging Markets Ex-Chn Eq ETF(AVXC.US)

ASML's "Peak Moment"! Morgan Stanley: Under the expansion wave of advanced processes, it may 迎来 the strongest profit growth in 2027

Demand for AI chips remains strong, TSMC's net profit in Q4 increased significantly by 35%, with total capital expenditure reaching $40.9 billion in 2025 | Financial Report Insights

The ‘silicon shock’: When AI demand broke the supply chain

ICICI Bank Wins Regulatory Approval to Acquire ICICI Prudential Pension Funds Management

ICICI Bank Faces ₹16 Crore GST Demand from West Bengal Tax Authority