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Latest: Fintech News

US House to Vote on TikTok Divestment, But Senate View Unknown
US House to Vote on TikTok Divestment, But Senate View Unknown

FBI and intelligence chiefs say Chinese ownership of the app is a worry; some lawmakers think the bill will be approved, but the Senate's position is unclear

Intel Can Keep Selling Chips to Huawei Despite AMD Protests
Intel Can Keep Selling Chips to Huawei Despite AMD Protests

Advanced Micro Devices applied for a licence to sell similar laptop chips after Biden took office but never received a response, it says

In Manila, Raimondo Promises Chip Fabs and More Curbs on China
In Manila, Raimondo Promises Chip Fabs and More Curbs on China

While pledging billion-dollar investments in Manila, Raimondo said the US was constantly looking at ways to expand chip curbs against China and restrict its tech progress

TikTok Ban Would Help ‘Enemy of the People’ Facebook: Trump
US Warned AI Poses ‘Extinction-Level Threat’ to Humanity – Time
China Misses 2023 Emissions Targets, ‘Climate Credibility at Risk’
Shares of China’s Xiaomi Jump on News of its First EV Launch
AI Fever Sees Chip Firm Nvidia Close in on Apple’s No2 Ranking
Bitcoin Soars Past $72,000 as Inflow of Funds Gathers Pace
China Wants Youth to ‘Work in Factories’ as 12m Graduates Loom

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