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Latest: Fintech News

Surge in Solar Power, Data Centres Spurs Battery Boom in China
Surge in Solar Power, Data Centres Spurs Battery Boom in China

Demand for renewables and data centres has caused a surge in shipments of lithium-ion storage batteries, with Chinese firms exporting more than $66 billion this year

US Begins Reviewing Licences For Sale of H200 Chips to China
US Begins Reviewing Licences For Sale of H200 Chips to China

The review process, once complete could result in the first shipments to China of Nvidia's second-most powerful AI chips

Japan Repeats No-Nukes Pledge After Weapons Idea Floated
Japan Repeats No-Nukes Pledge After Weapons Idea Floated

Government stands by its no-nukes pledge after an unnamed security official suggested the country should have such weapons to deter aggressors. Japan has been intimidated by three nuclear-armed neighbours.

China’s Bytedance Signs JV Deal on Operation of TikTok in US
Japan’s Sumitomo Realty Bets on Mumbai’s Booming Real Estate
China’s Big Tech Secret: Lab Copied Dutch Chipmaking Machine
Bumper IPO by Another China Chip Firm Raises Hype Worry
Meta Tolerates Billions in Chinese Scam and Fraud Ad Revenue
‘Shadow Banks’ Now Own Over Half of Global Assets, FSB Says
The Idea of AI Super-Intelligence is a ‘Fantasy’ – US Researcher

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