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Latest: Fintech News

Foxconn Warns on AI Chip Shortage But Predicts ‘Better’ 2024
Foxconn Warns on AI Chip Shortage But Predicts ‘Better’ 2024

The Taiwanese tech outfit’s chairman Liu Young-way also said geopolitical problems will affect consumer demand

China Chipmaker YMTC Denies Military Links After Blacklisting
China Chipmaker YMTC Denies Military Links After Blacklisting

The tech firm said it has no links to China’s military and refuted claims it was a threat to the US

Alibaba to Offload Grocery, Hypermarket Chains in E-Comm Push
Alibaba to Offload Grocery, Hypermarket Chains in E-Comm Push

The proposed sell-off of Freshippo and RT-Mart comes amid Alibaba's restructuring and China's tightened scrutiny of IPOs

China’s WuXi Stocks Plunge on Fears Over US Biotech Bill
US Research Group Sues Japan’s Chip Materials Maker JSR
Missing Banker Bao Fan Resigns From China Renaissance – CNN
Asian Rivals Posing a Challenge to Apple’s iPhone Sales in China
Paytm Stocks Dive After RBI Pulls Shutters Down on Its Bank
China Asks Local Governments Not to Use Tech Funds to Pay Debt
Trump Eyes 60% China Tariffs, Sparks New Trade War Fears – WP

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