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Latest: Fintech News

Tesla Chops Output of Model Y Electric Vehicles in Shanghai
Tesla Chops Output of Model Y Electric Vehicles in Shanghai

Data from China's auto association showed output of the older Model Ys was down nearly 18% in March and 33% in April than a year ago, although output of the Model 3 rose

Nvidia Chip Prices Take a Hit in Duel With China’s Huawei
Nvidia Chip Prices Take a Hit in Duel With China’s Huawei

Sanctions and a directive from Beijing have impacted Nvidia's sales in China; it has been forced to sell its top chip, the H20, at a price below Huawei's Ascend 910B

China, South Korea, Japan to Meet in First Summit in 4 Years
China, South Korea, Japan to Meet in First Summit in 4 Years

Beijing has warned that Washington's efforts to further deepen ties with Seoul and Tokyo could stoke tensions in the region

China Chat Bot Trained to Think Like Xi Jinping – FT
TSMC Sees ‘Golden Age’, With AI Fuelling 10% Chip Growth
Microsoft Says UAE Deal Could See Transfer of US Chips, AI Tech
Higher China Tariffs Will Start on August 1, US Trade Rep Says
News is Disappearing as Web Content is Deleted – Independent
Google, Meta, Microsoft, Others Agree on AI ‘Red Lines’
Vietnam Asks Foxconn, Others to Cut Power Use to Avert Blackouts

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