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Latest: Fintech News

China’s Huawei, SMIC ‘to Ramp Production’ of Newest AI Chip
China’s Huawei, SMIC ‘to Ramp Production’ of Newest AI Chip

Chinese chipmakers are racing to rival Nvidia on AI chips as increasing export restrictions by US — and its allies — slow the growth of China’s tech industry

Chinese Vessel Suspected of Cutting Baltic Subsea Cables
Chinese Vessel Suspected of Cutting Baltic Subsea Cables

Danish officials are inspecting a Chinese bulk carrier that sailed over two undersea cables minutes before they were severed this week. They suspect the incidents were 'hybrid' attacks linked to the Ukraine war

Australian Bill Will Ban Social Media for Children Under 16
Australian Bill Will Ban Social Media for Children Under 16

Albanese government to trial highest age verification system in the world, for new law that has fines up to $32m for systemic breaches

Economists Say Trump Won’t Hit China With 60% Tariffs Early On
COP29: Over 30 Countries Vow to Fight Methane Waste Emissions
Kadokawa Shares Soar on News Sony Wants to Buy Gamemaker
India Tells Meta to Stop Sharing WhatsApp Data, Group to Appeal
Tata ‘to Take Majority Stake in Pegatron iPhone Plant in India’
Biden, Xi Agree Humans, Not AI, Must Make Decisions on Nukes
US Signs Off on $6.6bn Chips Deal With TSMC, Others Coming

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