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Latest: Fintech News

China’s Nio Unveils Flagship EV to Take on Mercedes, Porsche
China’s Nio Unveils Flagship EV to Take on Mercedes, Porsche

The ET9, which is still a year away from delivery, features self-developed tech such as an autonomous driving chip, a 900-volt electric drive for fast charging and large cylindrical battery cells

Beijing Slams US Plan to Review China’s Supply of Legacy Chips
Beijing Slams US Plan to Review China’s Supply of Legacy Chips

Beijing has condemned a US plan to review procurement of mature-node chips from China, as it likely fears the move will create further upheaval in its volatile chip sector

India Taps AI in Forecasts as Extreme Weather Weighs on Economy
India Taps AI in Forecasts as Extreme Weather Weighs on Economy

India recorded extreme weather events on 235 of the 273 days between January 1 to September 30 this year, a study found

China’s BYD Plans EV Production Base in Hungary
Tencent, Netease Shares Plunge After China Issues Gaming Rules
Panasonic Energy Pulls Plug on Oklahoma Battery Plant Plan
US May Hike Tariffs on Chinese EVs, Other Goods – WSJ
Japan to Power Up World Chip Sector Dominance Bid
Hackers Leak 1.3 Million Sony Insomniac Games Files – Axios
Alibaba CEO Eddie Wu to Oversee Domestic E-Commerce Units

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