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Latest: Fintech News

Surveys Show Chinese Factories Facing Gloomy Outlook Risks
Surveys Show Chinese Factories Facing Gloomy Outlook Risks

A private-sector survey of 650 private and state manufacturers on Thursday found operating conditions in the sector sank for the first time in nine months as new orders fell

US Forced To Delay Tariff Hikes on Chinese EVs, Batteries, Tech
US Forced To Delay Tariff Hikes on Chinese EVs, Batteries, Tech

US Trade Representative's office said it still reviewing feedback on series of levies designed to protect American jobs from cheap Chinese imports

Samsung Posts 15-Fold Profit Surge on AI Chips Frenzy
Samsung Posts 15-Fold Profit Surge on AI Chips Frenzy

The Korean giant remains bullish on AI demand, despite recent nervousness that its bubble might burst, after its chip division reported a $4.7 billion profit

Hundreds of Sellers Protest in China Over Temu’s Penalty Policy
China Factory Activity Slips to a Five-Month Low, Survey Shows
New US Chip Equipment Export Rule to Hit Taiwan, ASEAN States
Beijing Funded Huawei Comeback With $6bn Support in 2023 – WSJ
EU Denies Backing China Proposal to End Ukraine War – SCMP
SpaceX Discussing Possible Rocket Landing Off Australia
India Not About to Drop Ban on Chinese Investment: Trade Minister

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