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Latest: Fintech News

Huawei Faces Trial in US for Iran Dealings, Trade Secrets
Huawei Faces Trial in US for Iran Dealings, Trade Secrets

Chinese tech giant faces a criminal trial in the US after talks failed to settle a years-long dispute over misleading banks about its business in Iran and allegations of trade secret theft

US Wants ASML to ‘Cut Servicing to Some Chinese Chipmakers’
US Wants ASML to ‘Cut Servicing to Some Chinese Chipmakers’

Sources say the Biden Administration plans to press the Dutch government and bosses of the lithography giant next week to reduce the servicing of its machines at some sites in China

TSMC Restarts Taiwan Fabs After Earthquake Shutdowns
TSMC Restarts Taiwan Fabs After Earthquake Shutdowns

The global chip leader had paused production at its sites after the 7.2-magnitude quake which triggered landslides

Samsung Poised For Nine-Fold Profit Jump Thanks to Chip Rebound
Microsoft Programmer Thwarted Global Cyberattack – NYT
Tesla Searching For $2-3 Billion India EV Factory Site: FT
TSMC Predicts $60m Hit From Taiwan’s Biggest Quake in 25 Years
China’s Solar Sector Seen Facing Years of Oversupply, Low Prices
Japan Approves $3.9bn of Cash Backing For Chipmaker Rapidus
Xiaomi’s EV Launch Sees Its Market Value Overtake GM, Ford

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