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Latest: Fintech News

AWS to Use AI to Develop Carbon Removal ‘Sponge’ For Data Centres
AWS to Use AI to Develop Carbon Removal ‘Sponge’ For Data Centres

Data centres are requiring increasing amounts of energy, creating challenges for firms like Amazon, which has committed to have net-zero carbon emissions by 2040

US Chips ‘Not Safe’ to Buy, Chinese Industry Bodies Claim
US Chips ‘Not Safe’ to Buy, Chinese Industry Bodies Claim

Four industry bodies said Chinese firms should buy locally-made chips, after claiming that US chips are "no longer safe"

Vietnamese Tycoon ‘Must Repay Billions to Avoid Execution’
Vietnamese Tycoon ‘Must Repay Billions to Avoid Execution’

Truong My Lan lost her appeal against the death sentence for a $12bn bank fraud, but she could save her life if she returns most of the embezzled assets

China Hits Back at US Bans, Halts Export of Key Chip Materials
Vietnam to Build High-Speed North-South Rail Link – BT
China Chip Sector Faces a Third Wave of US Export Curbs
ByteDance Sues Intern For $1.1 Million Over ‘AI Sabotage’
Chinese Ship Suspected of Dragging Anchor to Cut Baltic Cables
Australian Law Bans Social Media for Children Under 16
Ruble Plunges After US Sanctions GPB, Dozens of Russian Banks

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