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Latest: Fintech News

Deadly Blaze at South Korean Battery Plant Highlights Fire Risks
Deadly Blaze at South Korean Battery Plant Highlights Fire Risks

Fire and rescue service personnel said 22 people - most of them Chinese workers – were killed when the factory exploded in an industrial area near Hwaseong

EU And China Agree to Negotiations on EV Tariffs, Minister Says
EU And China Agree to Negotiations on EV Tariffs, Minister Says

The EU and Beijing will discuss tariffs imposed on Chinese EVs, following a visit by Germany's economy minister, who had "very open" and "blunt" exchanges with his counterparts

‘China Won’t Allow It’: TikTok Compares Divestiture to Chip Ban
‘China Won’t Allow It’: TikTok Compares Divestiture to Chip Ban

In a 99-page document submitted to a US court, TikTok and ByteDance argued the divest-or-ban bill was punitive, speculative and needed to be struck down

Habeck in Beijing to Discuss Trade, as Germany Pivots to US
Huawei Chair Lauds Group’s Progress on Operating System, AI
US, China Hold Informal Nuclear Talks, Discuss Taiwan
Google, OpenAI Scrutinise Staff Amid Fear of China Spying – FT
China Signs $2.8bn Deals in Malaysia, Eyes Pan SE Asia Rail Link
China’s Mid-Year Online Sales Festival Marked by Flat Outlook
US ‘Wants Allies to Block Equipment to More China Chipmakers’

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