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Latest: Fintech News

Apple to Resist Indian Order to Preload State-Run App on Phones
Apple to Resist Indian Order to Preload State-Run App on Phones

India's move has sparked widespread concerns on state surveillance, with critics, privacy advocates and political opponents saying the app is a way for the Modi government to get access to 730 million smartphones

China Flooding the World With Gasoline Cars, Far More Than EVs
China Flooding the World With Gasoline Cars, Far More Than EVs

Fossil-fuel vehicles made up 75% of Chinese auto exports since 2020, and annual shipments could top 6 million this year, amid huge overcapacity at home

China Launches First Lot of Simpler Rare Earth Export Licences
China Launches First Lot of Simpler Rare Earth Export Licences

Three auto suppliers have received "general licences" designed to ease demand pressure by allowing more exports under year-long permits for customers

Ex-Chinese Worker ‘Key’ to Korea’s Worst Data Breach in Decade
China’s Military Suppliers Hit by Corruption Purge, Report Says
Nexperia Row With Chinese Parent Worsens Amid Chip Supply Pain
Vietnam’s 5G Deals With Huawei, ZTE Raise US Concerns
China Vanke Gets S&P Downgrade, Faces Rejig Amid Debt Crisis
China’s Baidu Laying Off Staff After Third Quarter Loss: Sources
Nvidia’s Biggest Chinese Buyer Can No Longer Use Its Chips For AI

Fintech: The 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