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Latest: Fintech News

Huawei, SMIC Set to Defy US Sanctions With 5nm Chips: FT
Huawei, SMIC Set to Defy US Sanctions With 5nm Chips: FT

The 5nm tech will be used to produce chips for Huawei's new smartphones, and, if successful, could also be used for its AI chips

US Treasury Team Flies to China to Discuss Subsidies, Policies
US Treasury Team Flies to China to Discuss Subsidies, Policies

A key topic of the US-China Economic Working Group's talks will be China's subsidies, which the US says encourage overproduction of goods with the potential to flood global markets

AI, Auto Demand to Supercharge Chip Rebound in 2024
AI, Auto Demand to Supercharge Chip Rebound in 2024

Global chip sales are forecast to jump 13% this year after a shaky 2023, according to an industry group

Video Call With Deepfakes Costs UK Firm $25m in Hong Kong
Huawei Leads China R&D Spending Spree, Overtakes EU – Nikkei
Huawei Smartphone Output Hit, As Demand Soars For AI Chips
Foxconn Warns on AI Chip Shortage But Predicts ‘Better’ 2024
China Chipmaker YMTC Denies Military Links After Blacklisting
Alibaba to Offload Grocery, Hypermarket Chains in E-Comm Push
China’s WuXi Stocks Plunge on Fears Over US Biotech Bill

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