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Latest: Fintech News

Chinese Chip Firms Closed at a Record Rate in 2023 – TH
Chinese Chip Firms Closed at a Record Rate in 2023 – TH

The spike this year highlights the growing struggles in the chip design, semiconductor manufacturing and wafer fab equipment sectors

Senior Auditors Wary on Review of VW Plant in China’s Xinjiang
Senior Auditors Wary on Review of VW Plant in China’s Xinjiang

Some staff at German consultancy distanced themselves over an audit by the firm that found no forced labour at a Volkswagen joint venture in China's Xinjiang province

US Still Backing China Firm Providing Chips for Drones, PLA Units
US Still Backing China Firm Providing Chips for Drones, PLA Units

Brite Semiconductor is part-owned by blacklisted SMIC and services six Chinese military units but still gets access to US tech and financial support; firm is now planning an IPO in Shanghai

New Huawei Laptop Fuels Talk of Sanctions-Beating 5nm Chip
Scientists Reveal AI Headset That Turns Thoughts Into Text – IE
China, Vietnam Sign Rail and Data Deals, While Upgrading Ties
World Backs COP28 Deal to Reduce Use of Fossil Fuels
China’s Xi Starts State Visit to Vietnam Aimed at Closer Ties
US Starts Funding Awards to Ramp up Chip Production at Home
Xi’s Vietnam Visit Set to See Rail, Tech Cooperation Deals

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