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Latest: Fintech News

SMIC, Huawei Big Winners as China Ramps Up Chip Funding
SMIC, Huawei Big Winners as China Ramps Up Chip Funding

Local governments in Shanghai and Anhui will fund a variety of semiconductor-related projects this year — ranging from the development of DRAM chips to building facilities for chipmaking and its tools

Generative AI Seen Having Big Impacts on Environment – Nature
Generative AI Seen Having Big Impacts on Environment – Nature

Revelations about the amount of power and water needed for computers that power artificial intelligence have led to concern about AI's environmental impacts

Russians Named as West Smashes Lockbit Ransomware Gang
Russians Named as West Smashes Lockbit Ransomware Gang

US indictment seeks the arrest of two Russian cyber criminals after Britain's National Crime Agency infiltrated the gang's systems, stole their data, and took down Lockbit's site on the dark web

EU’s Green Tech Reliance on China ‘Worrying’ – Euractiv
Bitcoin Comeback Sees Market Worth $1 Trillion Again
Curbs on ASML ‘to Stop Use of Advanced Chips by China Military’
Chinese Rocket Failure Opened Door for SpaceX in Indonesia
Fake Chinese Accounts Flourish on X, Analysis Shows – WaPo
China Chops Mortgage Benchmark Rate to Boost Property Market
ByteDance’s TikTok Faces Mega Fine Threat From EU Probe

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Asia Finance Insights
Asia Fintech insights, analysis, and guides from Asia Financial’s market and new economy experts.
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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