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Latest: Fintech News

Huawei’s Comeback Continues as Quarterly Profit Leaps 564%
Huawei’s Comeback Continues as Quarterly Profit Leaps 564%

The Chinese firm’s revenue was $24.65 billion for the first three months of the year after it saw its fastest earnings growth in four years in 2023

Drone Maker DJI Next Likely Target of US China Hawks – NYT
Drone Maker DJI Next Likely Target of US China Hawks – NYT

Congress is assessing a new law, passed unanimously by the House energy and commerce committee in March, which could kill much of DJI's business in the United States

Samsung Profit Soars, Says AI Spurring Strong Chip Demand
Samsung Profit Soars, Says AI Spurring Strong Chip Demand

Korean giant sees 10-fold rise in first quarter profit to over $52 billion, says strong AI demand will tighten supply of high-end chips. It plans to make the industry's first 12-layer chip

Foreign Carmakers Seek Chinese EV Partners on AI, Smart Tech
China Warns US Not to Implement Taiwan Aid, TikTok Sale
China Brokerage Slashes Bankers’ Base Pay, Sources Say
Tesla Signs Deal With Baidu on China Roads Mapping Data
If Legal Fight Fails, ByteDance ‘Would Prefer to Shut TikTok in US’
Blinken Meets Xi, Warns on China’s Support for Russian War
EV Battery-Maker CATL Unveils Single-Charge 1,000km Power Unit

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