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Latest: Fintech News

Baidu Shares Jump 14% as Users Test ChatGPT-Like Ernie Bot
Baidu Shares Jump 14% as Users Test ChatGPT-Like Ernie Bot

"Ernie Bot is not a tool of confrontation between China and the United States," said Baidu CEO Robin Li.

India Plans Semiconductor Fab as Tech Shifts From China – PTI
India Plans Semiconductor Fab as Tech Shifts From China – PTI

IT Minister Ashwini Vaishnaw said there’s an ‘ecosystem shift’ to the country as he revealed plans to develop India’s chip sector

Foxconn Wins Apple AirPod Order, to Build $200m India Factory
Foxconn Wins Apple AirPod Order, to Build $200m India Factory

The deal will see the Taiwanese iPhone maker produce AirPods for the first time in another significant shift of tech production away from China

India Using SWIFT Payment System For Dollar Trade With Russia
US Sanctions on China to Hit Dominance of Chips: TSMC Founder
TikTok Facing US Ban if Chinese Owners Don’t Sell Stakes
China Scientists Split on US Tech Sanctions Impact – SCMP
Beijing Regulator Delays CATL’s $5 Billion Swiss GDR Listing
Foxconn Warns on Consumer Electronics Demand, Profit Dips 10%
Samsung to Pump $230 Billion Into ‘World’s Largest Chip Base’

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