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Latest: Fintech News

Huawei Unit Seen Shipping Chinese-Made Surveillance Chips
Huawei Unit Seen Shipping Chinese-Made Surveillance Chips

Huawei's chip design unit has produced new chips for surveillance cameras, sources say, in another sign the Chinese tech giant has found a way around US sanctions

Sunac China Seeks Bankruptcy Protection After Debt Deal Nod
Sunac China Seeks Bankruptcy Protection After Debt Deal Nod

Shares of Sunac rose on news of debt deal approval, then sank after its move to seek bankruptcy protection in the US. Country Garden also won backing for an extension of repayments for an 8th onshore bond

EU Will Seek More Detail From China on Data, Anti-Spying Laws
EU Will Seek More Detail From China on Data, Anti-Spying Laws

Sections in China's anti-espionage law, which was updated in July, ban the transfer of any information related to national security and interests, without defining those terms

Foxconn Set to Double Jobs, Investment in India by 2024
After Arm’s Bumper Launch, Who’s Next in SoftBank’s IPO Pipeline?
SoftBank Eyes OpenAI Investment Amid Arm IPO Fever – FT
TSMC Delays Chip Equipment Deliveries as Tech Demand Slumps
TikTok Hit With $370m EU Fine Over Children’s Data Breaches
SoftBank’s Arm Nets $65bn Valuation in Blockbuster Nasdaq Debut
China Sanctions US Defence Firms For Arms Sold to Taiwan

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