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China’s Big Fund Bumps Up Investments in Chip Supply Chains

The state-backed fund is looking to support various elements of the semiconductor supply chain, including “design, equipment, components and raw materials,” state media says

December Highs Take India’s Market Cap to Record $4.2 Trillion
Italy Exits Belt and Road Initiative, Citing Minimal Benefits

The AF Big Picture

ASML in the Centre of the Chip War

With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors