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Latest: Fintech News

Germany to Cut Huawei, ZTE Parts in 5G Network From 2026
Germany to Cut Huawei, ZTE Parts in 5G Network From 2026

Deal with telecom providers aims to shield Germany's critical infrastructure from China, whose influence is seen as a potential security risk

Conflicting Goals Could Limit Outcomes From China’s Plenum
Conflicting Goals Could Limit Outcomes From China’s Plenum

The economic summit will outline moves to boost advanced manufacturing, rejig the tax system to curb debt risks, manage the property crisis, lift consumption and the private sector, but analysts doubt it will work

China’s Exports Surge 8.6% in June, But Imports Drop 2.3%
China’s Exports Surge 8.6% in June, But Imports Drop 2.3%

The drop in imports does not bode well for exports in the coming months, as just under a third of China's imports are parts for re-export, particularly in the electronics sector.

Generative AI Hallucinations Slow Down Industry Rollout
China Shifting to ‘Green’ Steel Production as EU Levy Looms
Taiwan’s TSMC Joins Trillion Dollar Club Amid AI Frenzy
AI is ‘Effectively Useless,’ Veteran Analyst Warns – Fortune
China to Examine European Union’s Trade ‘Barriers’
Taiwan’s Exports Jump in June Thanks to AI Chip Demand
Chinese Hackers Behind Malicious Cyber Operations: Australia

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