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Latest: Fintech News

Huawei Phone Sales Soar In China, Apple Not Even in The Top 5
Huawei Phone Sales Soar In China, Apple Not Even in The Top 5

The top five spots in the country are now held solely by Chinese smartphone makers — for the first time ever

US-China Tensions See Tech Firms Offer More For TSMC Chips
US-China Tensions See Tech Firms Offer More For TSMC Chips

Chinese tech firms want to stockpile TSMC chips and are offering a big mark-up because of "uncertainties arising from the upcoming US presidential election and its impact on US-China relations"

China Power Consumption Soars With Tech, EV Growth – C/Daily
China Power Consumption Soars With Tech, EV Growth – C/Daily

Power consumption in China surged in the first half of 2024, but the country also expects another jump in installed renewable power this year

Trump To Headline Crypto Summit as Republicans Chase Votes
China Tells Taiwanese ‘Don’t Worry’ About Execution Threat
Thai Task Force to Help Stop Arms Funding For Myanmar Military
China’s War on Wealth: Funds Staff Told to Repay ‘Excess’ Salaries
China’s Quant Funds Hit Hard in First Half, as Crackdown Looms
Nikkei Dips on Tech Earnings, Yen Rally; EVs Weigh on Hang Seng
Korean, Chinese Firms in Talks on EV Batteries for Europe

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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