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Latest: Fintech News

China Puts 18 Satellites in Orbit in Bid to Rival Starlink
China Puts 18 Satellites in Orbit in Bid to Rival Starlink

The satellites were carried aboard a Long March 6 rocket and are the first delivery in SSST's ‘Thousand Sails Constellation’ plan

China’s Dongfeng ‘Well Placed’ For New Car Plant in Italy
China’s Dongfeng ‘Well Placed’ For New Car Plant in Italy

Talks between Italian authorities and China's Dongfeng Motor Group about a factory to make electric vehicles are at an advanced stage, sources have said

Google is a ‘Monopoly’, US Judge Says in Historic Ruling – AP
Google is a ‘Monopoly’, US Judge Says in Historic Ruling – AP

Google’s US antitrust trial has ended with a judge concluding it has illegally maintained a monopoly over internet searches

Nikkei Shoots Back up as Officials Scramble to Calm Markets
China’s Huawei, Baidu Stockpile Samsung Chips to Beat US Curbs
Chinese Phone Maker Honor Eyes IPO, Has Huge State Backing
Smuggling Network Selling Nvidia Chips to China’s Military – BI
Stock Markets Plunge Across Asia, With the Nikkei Sinking 13%
Global Corporate Outlook Hit by China’s Worsening Slowdown
Tesla Sets up Insurance Firm in Beijing, May Sell EV Policies

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