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Latest: Fintech News

China’s Solar Sector Seen Facing Years of Oversupply, Low Prices
China’s Solar Sector Seen Facing Years of Oversupply, Low Prices

China's huge solar sector faces consolidation this year but its top players are likely to survive, while prices stay low because of massive oversupply for the global market

Japan Approves $3.9bn of Cash Backing For Chipmaker Rapidus
Japan Approves $3.9bn of Cash Backing For Chipmaker Rapidus

Japan has already handed over subsidies worth about $2.18 billion to the chip firm, which is backed by NEC, SoftBank, Sony and Toyota, among others

Xiaomi’s EV Launch Sees Its Market Value Overtake GM, Ford
Xiaomi’s EV Launch Sees Its Market Value Overtake GM, Ford

The smartphone firm’s stock soared as much as 16% despite warnings it will lose nearly $10,000 on every SU7 car it sells this year

UN Urges Global Effort to Counter Waste Trafficking to Asia
TikTok Ban Would be Hypocrisy, Apple Co-founder Says – CNN
Job Cuts Loom at China’s SAIC, Plus JVs with GM, VW
Foreign Orders Lift China’s Manufacturing Again in March: Caixin
PAG in 60% Buyout of Wanda Mall Unit in China for $8.3 Billion
US Releases Detailed Rules For Export Curbs on AI Chips to China
Huawei Profits Jump 144% in Fastest Growth Since US Sanctions

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