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Latest: Fintech News

China’s Top EV-Maker BYD Targeting Huge Expansion in Vietnam
China’s Top EV-Maker BYD Targeting Huge Expansion in Vietnam

13 BYD dealerships will open in Vietnam on Saturday and the carmaker hopes to boost that to about 100 by 2026, but a decision on a local plant is yet to be made

Taiwan Chip Firm GlobalWafers Wins $400m For US Factories
Taiwan Chip Firm GlobalWafers Wins $400m For US Factories

The grants will be used to fund projects in Texas and Missouri establishing the first US production sites for 300-mm wafers for advanced semiconductors

ASML Has Sold One in Two Chipmaking Machines to China This Year
ASML Has Sold One in Two Chipmaking Machines to China This Year

Chinese chipmakers have escalated their purchases of ASML's machines used to make older generations of chips widely used in cars and smartphones

TSMC Shares Fall on Trump Remark ‘Taiwan Should Pay for Defence’
Key EV Software Must be Made in an Allied Nation: US Official
Google, Microsoft Used More Electricity Than Iceland in 2023
Trump’s VP Choice Raises Threat of New Big Tech Crackdown
World Bank Looking to Bolster Financial Links for Pacific Islands
Chinese Brokerage to Boost Investment Banking in Southeast Asia
N Korean Hackers Used Cambodian Firm to Launder Stolen Crypto

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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