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Latest: Fintech News

Price of Antimony Seen Hitting New Highs on China Export Curbs
Price of Antimony Seen Hitting New Highs on China Export Curbs

China’s decision to restrict exports of antimony from mid-September could push the metal's price to $30,000 a ton, traders say

China to Curb Exports of Antimony Metals, Ores, Oxides – SCMP
China to Curb Exports of Antimony Metals, Ores, Oxides – SCMP

Antimony is used as a hardener in lead for storage batteries, plus alloys with lead and tin to improve solders and bullets, and in semiconductor devices

SoftBank Ditches Planned AI Chips Tie-up With Intel – FT
SoftBank Ditches Planned AI Chips Tie-up With Intel – FT

SoftBank blamed Intel for the failed tie-up, claiming the chipmaker was not able to meet its demands for volume and speed, the report said

Foxconn Posts Forecast-Beating Q2 Profit On Unrelenting AI Boom
Huawei Close to Releasing AI Chip to Rival Nvidia in China: WSJ
Firms May Abandon Net-Zero Plans Amid Carbon Offset Uncertainty
Tokyo Turns to AI For Earthquake Early Warning System – Kyodo
Indian Regulator Recalls Competition Probe Reports on Apple
Sales of EVs up 21% Worldwide in July, as China Growth Rises
China to Extend Loan Programme For Companies to Cut Emissions

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