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Latest: Fintech News

Italy Bids to Host $8bn Intel Plant to Boost EU Chip Supply
Italy Bids to Host $8bn Intel Plant to Boost EU Chip Supply

As part of this plan, Germany is in the lead to land Intel's planned European 'megafab' plant, although France remains in the running

Advanced Micro Devices in $2.1bn Wafer Deal with GlobalFoundries
Advanced Micro Devices in $2.1bn Wafer Deal with GlobalFoundries

US semiconductor company has turned to Taiwan Semiconductor Manufacturing Co to supply the most critical sections of its computer processors called "chiplets"

China Province Summons Five Firms Over Live-Streaming
China Province Summons Five Firms Over Live-Streaming

Consumer protection body in Zhejiang summoned five platforms including Alibaba's Taobao, Pinduoduo and JD.com over live-streaming irregularities during the Singles' Day shopping festival

UnionBank Buys Citigroup’s Philippines Assets for $1.1bn
Intel Apologises Over Statement on Xinjiang Labour
US SEC Rejects Apple Bid to Block Investor Proposal on Forced Labour
US Safety Regulator Probes Tesla’s Video Game Feature
SenseTime Plans $740m Fundraising in Revised IPO
Tencent Offers $16.4bn JD.com Stake to Investors as Dividend
India Now Third-Largest Home for ‘Unicorns’ – Deccan Herald

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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