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Latest: Fintech News

China Plunders Rare Earth Minerals as Myanmar’s Civil War Rages
China Plunders Rare Earth Minerals as Myanmar’s Civil War Rages

Chinese companies have increased their extraction of rare earths from northern Myanmar by an "unprecedented" amount, a new report says

Trump Asks US Supreme Court to Pause Law That Could Ban TikTok
Trump Asks US Supreme Court to Pause Law That Could Ban TikTok

The US President-elect says a pause would give his administration time to pursue a "political resolution" to the issue

China Urges Support for People in Need as Economy Slows
China Urges Support for People in Need as Economy Slows

Beijing has asked local governments 'with financial capacity' to give relief funds or a one-time allowance to people in need as the Lunar New Year break looms

China’s Chipmaking Skills 10-15 Years Behind West: ASML CEO
Industries Shut Down as Iran’s Energy Crisis Gets Dire – NYT
China’s Industrial Profits Down 7% on Weak Demand in November
News Corp Sells Foxtel Cable TV Unit to DAZN for $2.1bn
Toyota to Build Plant in China to Make Luxury EVs – Nikkei
Trying to Restrict China in Chips a Fool’s Errand: Raimondo – WSJ
New US Probe Announced Into China’s Legacy Chips

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