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Latest: Fintech News

Could Melting Glaciers Trigger Volcanic Eruptions? – Reuters
Could Melting Glaciers Trigger Volcanic Eruptions? – Reuters

The University of Iceland is one of 12 institutions working on a research project to determine if climate change will trigger increased volcanic activity

China Tightening Grip on Critical Minerals For Chips – NYT
China Tightening Grip on Critical Minerals For Chips – NYT

A state enterprise is acquiring control of the last foreign-owned rare earth refineries in China, while details about the sector are now classed as state secrets

AI Surge Lifts Nvidia to Become World’s Most Valuable Company
AI Surge Lifts Nvidia to Become World’s Most Valuable Company

Silicon Valley chipmaker is the dominant supplier of chips used in AI computing and its stock has soared nearly 190% this year. Apple facing tepid iPhone demand

Top Chinese Lawmakers to Meet in Week of US Election
Rio Tinto Signs Decarbonisation Deal With China’s Nanjing Steel
China Self-Driving Firm WeRide Gets $440m Via IPO, Placement
US-China Tech War Seen Continuing Under Trump or Harris
New Battery From China’s CATL Aims at Extended Range Hybrids
TSMC Ends Dealings With Firm Seen as Proxy Buyer For Huawei
Chinese Media Cut Reports on ‘3nm Chip Designed by Xiaomi’

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