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Latest: Fintech News

India’s JSW Planning $4.8 Billion EV, Battery Projects in Odisha
India’s JSW Planning $4.8 Billion EV, Battery Projects in Odisha

JSW, which has set up a joint venture with MG Motor India (owned by China's SAIC), said it has signed an MoU on setting up an electric vehicle and EV battery manufacturing plants in two cities

US Utility to Drop Storage Batteries from Chinese Supplier CATL
US Utility to Drop Storage Batteries from Chinese Supplier CATL

Duke Energy's change of course on the batteries could have supply chain implications – and a chilling effect on an energy storage market dominated by Chinese manufacturers

Nvidia Plans New Unit to Target $30bn Custom Chip Market
Nvidia Plans New Unit to Target $30bn Custom Chip Market

The US tech giant wants to claim key shares of the booming market for custom-made chips for cloud computing and artificial intelligence.

After Samsung, Lenovo Agrees to Feature Baidu’s AI Bot Ernie
Western Investment Banks Brace for Job Cuts as China Woes Rise
US Panel Wants Investment Ban on Critical Tech Sectors in China
UN: North Korea Cyberattacks Pocketed Regime $3bn – Guardian
Chinese Firm Runs 100 ‘News’ Sites Pushing Pro-Beijing Stories
China’s Top Chipmaker SMIC Predicts Modest 2024 Recovery
China’s Bid to ‘Cheat’ a Way to Chip Prominence is Failing: Envoy

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