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Latest: Fintech News

China-US Tensions Threaten 45-Year-Old Technology Pact – FT
China-US Tensions Threaten 45-Year-Old Technology Pact – FT

The agreement was one of the first to be signed after the US formally recognised the People’s Republic of China in 1979

South Korean AI Chipmakers Merge, Aim to Challenge Nvidia
South Korean AI Chipmakers Merge, Aim to Challenge Nvidia

Korean artificial-intelligence chipmaker Rebellions has signed an agreement to merge with Sapeon Korea in a bid to challenge Nvidia and other chip giants

China’s Weak Economic Growth Spurs Talk of Cash Vouchers
China’s Weak Economic Growth Spurs Talk of Cash Vouchers

Economists say major intervention is needed if the country is to meet its 5% growth goal this year as speculation rises that Beijing will do more to boost consumption

China Chip Tech Maker AMEC Sues US Over ‘Military’ Tag
US Tech Firms Face ‘Death Spiral’ From New China Curbs: Lawmakers
Fully Electric Passenger Plane Could Fly 500 Miles – CNN
Price of Antimony Seen Hitting New Highs on China Export Curbs
China to Curb Exports of Antimony Metals, Ores, Oxides – SCMP
SoftBank Ditches Planned AI Chips Tie-up With Intel – FT
Foxconn Posts Forecast-Beating Q2 Profit On Unrelenting AI Boom

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