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Latest: Fintech News

Tesla Planning Cheaper, Smaller Model Y to Boost China Sales
Tesla Planning Cheaper, Smaller Model Y to Boost China Sales

The car will cost at least 20% less to produce than the refreshed Model Y launched last year, sources said. Production will begin next year.

Server Fraud Case in Singapore May be Linked to AI Chips, China
Server Fraud Case in Singapore May be Linked to AI Chips, China

Singapore prosecutors say local firms have been accused of fraudulently supplying $390m worth of US servers to Malaysia, amid reports it involves Nvidia chips sent to China

New CEO May Block Intel Split, TSMC’s Plan for JV to Run Fabs
New CEO May Block Intel Split, TSMC’s Plan for JV to Run Fabs

TSMC proposed setting up a firm with design giants like Nvidia to run Intel's chip fabs, but the US firm's new CEO has told employees he wouldn't split the group up

South Korea Keen to Sell Submarines to Canada, Paper Says
Trade War Ramps up as Trump’s Steel and Aluminium Tariffs Start
Musk ‘May Cut Govt Waste For a Year’, Tesla Shares Plunge
Four US Groups Seeking to Buy TikTok, Trump Says
Toyota Unveils Bozhi 3X in China, a Cheap Advanced Smart EV
Trump Plan to Revive US Shipbuilding, Cut Chinese Grip on Sector
Vietnam, Thailand Among Asian Exporters at Risk of US Tariffs

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