Major Apple supplier TSMC is in talks with partners to spend up to €10 billion ($11 billion) to build a chip fabrication plant in Saxony, Germany, Bloomberg News reports Thursday citing “people familiar with the matter.” Jillian Deutsch and Alberto Nardelli for Bloomberg News: The planned venture between TSMC, NXP Semiconductors NV, Robert Bosch GmbH and Infineon Technologies AG will include state subsidies and would have a budget of at least €7 billion, with the total investment likely closer to €10 billion, the people said, asking not to be identified because the information is private. A final decision has not been made and the plans could still change, they said. TSMC Chairman Mark Liu told shareholders in 2021 that the…

Apple and Microsoft have never occupied this much of the S&P 500 Index, leaving some investors worried about the gauge’s increasingly top-heavy nature. Subrat Patnaik for Bloomberg News: The world’s two most-valuable companies saw their combined weightings in the benchmark jump to a record 14% this week after strong earnings reports from Microsoft and others fueled a rally in technology stocks. “It’s concerning to have such concentration in a few names and all those companies are in the very similar tech and communication services sectors,” said Michael Landsberg, chief investment officer at Landsberg Bennett Private Wealth Management. “This concentration will drive broader market performance until it doesn’t.” According to Tejas Dessai, an analyst at Global X ETFs, the growing influence…