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BYD Struggles at Home But Record Foreign Sales Help it Beat Tesla

BYD’s sales abroad rose to a record 1.05 million units in 2025, a 150% jump from 2024, but its sales at home grew at its weakest pace in five years

China’s AI Chipmaker Biren Jumps 76% in Latest Hong Kong IPO
Taiwan on Alert as Some China Warships Remain After Huge Drill

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