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Fathom is close to finalizing a deal to combine with the SPAC Altimar Acquisition Corp in what could see the digital manufacturing and 3-D company valued at $1.4B. With investors excited about the industry's growth potential, many of these companies are drawing lofty valuations and raising large sums through their SPAC deals. Fathom would be expected to generate about $425 million in cash proceeds through its merger from the $345 million held by the SPAC and a $80 million private investment in public equity, or PIPE, the people said. Source: Dow Jones Newswire

Are regulatory pressures priced in yet? Chinese tech stocks remain fundamentally sound in many regards, and a reversal in the CQQQ (the Chinese technology intense index) could make a splash North depending on how severe the consequences are from the Chinese government and investor mindset. Source: The Market Ear 

Social media Twitter announced yesterday that they would discontinue its Fleets feature next month. They noticed that the feature did not increase engagement from users, but only helped already really active members. The company will now be looking for a way to help engage with those who only consume but do not speak. Source: CNBC

As the economy recovered, the demand for chip manufacturing has greatly increased, straining the global supply chain. Automakers are also suffering from it. In the US, Ford seems to be the biggest victim, along with Stellantis and General Motors. Source: Visual Capitalist

The ongoing semiconductor shortage has slowed the economic recovery, but helped suppliers like TSMC, the world’s largest contract chipmaker, among other beneficiaries to fulfill more orders yet. The firm is likely to get see a rise in demand from Apple Inc., its largest customer, who's readying 90 million units of iPhones for H2. However, capacity will remain tight through the end of the year and extend into 2022. Source: Bloomberg