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Latest: Fintech News

China Self-Driving Firm WeRide Gets $440m Via IPO, Placement
China Self-Driving Firm WeRide Gets $440m Via IPO, Placement

Chinese startup raises about $120 million from IPO on Nasdaq, due to start Friday, plus $320.5 million from a private placement

US-China Tech War Seen Continuing Under Trump or Harris
US-China Tech War Seen Continuing Under Trump or Harris

The battle to keep US money and advanced tech from boosting China's military and AI capabilities is likely to rage on no matter who wins the election, although the candidates' styles are very different

New Battery From China’s CATL Aims at Extended Range Hybrids
New Battery From China’s CATL Aims at Extended Range Hybrids

Freevoy is the world's first hybrid battery with a range of over 400km (249 miles), CATL's chief technology officer Gao Huan said

TSMC Ends Dealings With Firm Seen as Proxy Buyer For Huawei
Chinese Media Cut Reports on ‘3nm Chip Designed by Xiaomi’
Chinese Exchange Hits Evergrande Unit, Bosses With Sanctions
US Sets New Rules to Block China, Rivals’ Access to US Data
99% of Players in AI ‘Bubble’ Will go Bust: Baidu CEO – Register
Cyberattack on The World’s Largest Internet Archive – WaPo
TSMC Says It Obeys Export Controls as US Probes Links to Huawei

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