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Latest: Fintech News

Top US Republican Senator Backs Forced Sale of TikTok
Top US Republican Senator Backs Forced Sale of TikTok

Republican leader in the Senate backs push for China's Bytedance to divest TikTok, which he said was a threat to American children

Didi Robotaxi JV Gets First China Mass Production Licence
Didi Robotaxi JV Gets First China Mass Production Licence

The joint venture with EV maker GAC Aion has been licensed to make a self-driving SUV which it plans to roll out next year

Nvidia to Build $200m Indonesia AI Centre in SE Asia Push
Nvidia to Build $200m Indonesia AI Centre in SE Asia Push

The US memory chip giant has partnered with local telco firm Indosat as it looks to expand in the key region

TSMC Wins Billions in US Aid After Deal on 3rd New Arizona Fab
US Won’t Allow Chinese Imports to Kill New Industries: Yellen
China Ramps Up AI Push, Eyes $1.4tn Industry By 2030  – Xinhua
China Central Bank Announces $70 Billion Loans For Tech Sector
Dutch May Give in to US Push Against Servicing China Chip Tools
Google, Microsoft, Intel to Study AI-Related Job Losses – WaPo
Huawei Faces Trial in US for Iran Dealings, Trade Secrets

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