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Latest: Fintech News

China’s Weak Consumer Spending is Holding World Back: IMF Chief
China’s Weak Consumer Spending is Holding World Back: IMF Chief

The International Monetary Fund’s managing director said Beijing needed to address its property crisis to give consumers more confidence to spend

Huawei’s New Pura 70 Phone Arrives Amid Interest in Chips
Huawei’s New Pura 70 Phone Arrives Amid Interest in Chips

Fans lined up at Huawei stores in big Chinese cities on Thursday to buy the new P70 phones, which analysts expect will have an advanced locally-made chip

TSMC Posts 9% Profit Rise Amid ‘Insatiable’ AI Chip Demand
TSMC Posts 9% Profit Rise Amid ‘Insatiable’ AI Chip Demand

Taiwan chip giant says it's been lifted by huge demand for advanced chips for AI and data centres, forecasts a big lift in second-quarter sales

Oracle to Spend $8 Billion in Japan on Cloud Services, AI
US Set to Restore China Solar Tech Tariffs After Korea Firm Plea
Biden to Propose Tripling Tariffs on Metal Products From China
Japanese Firms Eye Moves to the US as ‘China Illusion’ Fades
Apple Eyes Indonesia Fab as it Reduces China Reliance – AP
China’s Theft of Trade Secrets Our No1 Concern: US Patent Chief
US Reviewing Trade Sanctions to Tackle China Supply Chain Threats

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