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Latest: Fintech News

China’s Commerce Minister to Meet US Trade Chiefs Next Week
China’s Commerce Minister to Meet US Trade Chiefs Next Week

Wang Wentao is expected to meet his counterpart Gina Raimondo before travelling to Detroit for a meeting of APEC trade ministers and talks with US Trade Rep Katherine Tai

Micron to Spend $3.7bn to Bring EUV Chipmaking Tech to Japan
Micron to Spend $3.7bn to Bring EUV Chipmaking Tech to Japan

The development comes at a time when the US is increasingly urging its allies to work together to counter China's chips and advanced technology development

China’s Alibaba Approves Spinoff of Cloud Computing Business
China’s Alibaba Approves Spinoff of Cloud Computing Business

Alibaba on Thursday approved a full spinoff of the Cloud Intelligence Group via a stock dividend distribution to shareholders

China’s Hua Hong Edges Closer to Mega IPO As Chip War Heats Up
Amazon Cloud Unit to Spend $13 Billion in India by 2030
China Closes 100,000 ‘Fake News’ Accounts in Content Clean-Up
Ex-Apple Engineer Charged For Stealing Tech, Fleeing to China
OpenAI Boss Urges Regulations to Prevent ‘Harm to the World’
Online Brokers’ Shares Fall on News They Will Cut China Apps
Buffett Sells Entire TSMC Stake Over Taiwan Invasion Concerns

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