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Latest: Fintech News

China Chip Tech Maker AMEC Sues US Over ‘Military’ Tag
China Chip Tech Maker AMEC Sues US Over ‘Military’ Tag

Advanced Micro-Fabrication Equipment was added to the list of Chinese Military Companies by the US Department of Defense in January

US Tech Firms Face ‘Death Spiral’ From New China Curbs: Lawmakers
US Tech Firms Face ‘Death Spiral’ From New China Curbs: Lawmakers

Current unilateral curbs were benefitting foreign rivals at the expense of US businesses, California Democrats said in a letter this week

Fully Electric Passenger Plane Could Fly 500 Miles – CNN
Fully Electric Passenger Plane Could Fly 500 Miles – CNN

Commercial aviation is struggling to reduce its climate impact and is currently not on track to meet its goal of net-zero emissions by 2050

Price of Antimony Seen Hitting New Highs on China Export Curbs
China to Curb Exports of Antimony Metals, Ores, Oxides – SCMP
SoftBank Ditches Planned AI Chips Tie-up With Intel – FT
Foxconn Posts Forecast-Beating Q2 Profit On Unrelenting AI Boom
Huawei Close to Releasing AI Chip to Rival Nvidia in China: WSJ
Firms May Abandon Net-Zero Plans Amid Carbon Offset Uncertainty
Tokyo Turns to AI For Earthquake Early Warning System – Kyodo

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