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Latest: Fintech News

India Approves $968 Million Investment From Foxconn Unit
India Approves $968 Million Investment From Foxconn Unit

Earlier this month, Foxconn said it was seeking cooperation in India in new areas like chips and electric vehicles after a visit to the country by its chairman

TikTok CEO to Tell US Lawmakers: ‘We’ve Never Shared Data’
TikTok CEO to Tell US Lawmakers: ‘We’ve Never Shared Data’

The boss of the Chinese video-sharing app goes before a Washington committee on Thursday with the US pushing to ban it over security fears

Nvidia Tweaks Another Flagship AI Chip for Export to China
Nvidia Tweaks Another Flagship AI Chip for Export to China

The move follows sweeping export controls implemented by the United States last year that stopped Nvidia from selling its two most advanced chips to Chinese customers

China to Ease Subsidy Access for Chipmakers Amid US Chip War
Top US Fund Manager Vanguard to Shut China Office, Quit Ant JV
Pinduoduo Owner’s Revenue Off-Target as Spending Fall Bites
‘Let’s Change the Subject’: Baidu’s Ernie Ducks Queries on Xi
Xi Arrives in Moscow Just as Putin Becomes War Criminal
Huawei Replaces 13,000 US-Banned Parts as it Fights Back
Indian Startups Have ‘More Than $1 Billion’ in SVB

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