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Latest: Fintech News

China’s BYD Plans EV Production Base in Hungary
China’s BYD Plans EV Production Base in Hungary

The new facility to be built in Szeged, in southern Hungary, China's biggest carmaker by sales, said on Friday

Tencent, Netease Shares Plunge After China Issues Gaming Rules
Tencent, Netease Shares Plunge After China Issues Gaming Rules

The new rules, which effectively set spending limits for online games, dealt a big blow to the world's biggest gaming market. Tencent shares tumbled 12.3%, while Netease plunged 24%

Panasonic Energy Pulls Plug on Oklahoma Battery Plant Plan
Panasonic Energy Pulls Plug on Oklahoma Battery Plant Plan

The Tesla battery supplier said they decided “not to move forward with developing the site” which would have been its third US factory

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
Another 13 Chinese Companies Added to US ‘Unverified List’
Toshiba Delists as New Owners Told to Eye ‘Deep Tech’ Future
Will China Take on More Debt Chasing 5% Growth in 2024?

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