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Latest: Fintech News

Toyota Slashes Profit Forecast, Sees $9.5 Billion Tariff Hit
Toyota Slashes Profit Forecast, Sees $9.5 Billion Tariff Hit

The Japanese car giant's warning is the highest estimate yet of the negative impact that Trump's tariffs will have on a company

US Unveils 100% Tariff on Imported Chips But Key Firms Exempt
US Unveils 100% Tariff on Imported Chips But Key Firms Exempt

The move is part of Trump's efforts to spur manufacturing in the US. There was also news that Apple will invest $100 billion in its home market

Chip And Pharma Tariffs to be Announced Next Week: Trump
Chip And Pharma Tariffs to be Announced Next Week: Trump

US President says additional tariffs on semiconductors and pharmaceuticals will be revealed in about a week or so. "People love tariffs," he said in a TV interview

Three Detained in Taiwan For Alleged Theft of TSMC Chip Secrets
Japanese Shipbuilder Wins $6.5 Billion Warship Deal With Australia
Chinese Solar Firms Shed 87,000 Workers, And More Will Go
Japan Debates How to Handle Rushed Tariff Deal With US
Tesla Sales of EVs Made in China Fall by 8.4% in July
China Polysilicon Firms Seek $7bn to Shut a Third of Solar Sector
Cadence and Nvidia Dealings in China Drawing Close Scrutiny

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