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Latest: Fintech News

Data Centres, AI, Crypto Spurring Power Demand in Asia – IEA
Data Centres, AI, Crypto Spurring Power Demand in Asia – IEA

China, India and Southeast Asia are still seeing growing demand for electricity, and some of the factors driving that increasing demand include modern technology and cryptocurrency mining

Zee Shares Plunge 30% After Sony Ends $10bn Indian Merger
Zee Shares Plunge 30% After Sony Ends $10bn Indian Merger

Broadcaster's shares plunged on Tuesday after investors bailed out of the Indian entertainment group when its $10-billion merger with Sony collapsed on Monday

China Splurges on Chip Tech Kit to Beat US Sanctions – Yahoo
China Splurges on Chip Tech Kit to Beat US Sanctions – Yahoo

The purchases are thought to include high-end equipment from Dutch tech giant ASML which make the most intricate microchips

Tencent Leads China Shares up as Gaming Body Drops New Rules
Collapsed Crypto Group Seeks Bankruptcy Protection in US
OpenAI’s Altman Seeking Billions for AI Chip Venture – FT
Singapore Seeks 2 More for S$3bn Money Laundering Case – CNA
China Firms Using Own Cash to Launch ‘Sponsored’ Equity Funds
TSMC’s AI Bet Triggers Mega Chip Rally, Except in China
BYD’s Thai Distributor to Triple EV Outlets as Sales Boom

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