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Latest: Fintech News

US And China Expand Contact Between Their Military Chiefs
US And China Expand Contact Between Their Military Chiefs

US Security Adviser Jake Sullivan meets with President Xi after rare meeting with key military officer and others in a bid to ease tensions on a range of thorny issues

Google May Set up a ‘Hyperscale’ Data Centre in Vietnam
Google May Set up a ‘Hyperscale’ Data Centre in Vietnam

US tech giant is keen to build a large data centre near Ho Chi Minh City, as it has a many domestic and foreign cloud service clients in the country

Malaysia Tells Social Media Giants They Must Adapt to New Rules
Malaysia Tells Social Media Giants They Must Adapt to New Rules

Communications Minister Fahmi Fadzil warned on Tuesday that tech giants like Google, Meta and X must comply with local laws to continue operating in the country

Samsung SDI Agrees to $3.5bn EV Battery Plant in US With GM
Beijing Fumes as Canada Slaps 100% Tariffs on China-Made EVs
Chinese Tech Giants Pouring Cash Into AI Processors – FT
Investors in Musk’s X Tied to Sanctioned Putin Allies  – Essanews
PDD Stock Plunges 28% as Revenue Hit by China Slowdown
Many US Manufacturers Don’t Want Tariff Hikes on China Imports
IBM Closing China Research Labs, Will Lay Off Over 1,000 Staff

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