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Latest: Asia Stock Market News

Every Country Must Set up AI Infrastructure, Nvidia’s Huang Says
Every Country Must Set up AI Infrastructure, Nvidia’s Huang Says

All countries should have their own AI infrastructure to reap the economic potential of artificial intelligence, and protect their culture, CEO Jensen Huang said

Altman’s AI Chips Plan Could Cost Trillions, Not Billions – WSJ
Altman’s AI Chips Plan Could Cost Trillions, Not Billions – WSJ

OpenAI chief's talks with leading investors and chipmakers to create a greater supply of AI chips could cost trillions of dollars, a new report says

Israel’s Tower Proposes $8bn Chip Plant in India – Express
Israel’s Tower Proposes $8bn Chip Plant in India – Express

Tower is seeking state incentives for its plan to build a $8-billion chip plant that would make 65 nanometre and 40 nanometre chips, a new report says

India’s JSW Planning $4.8 Billion EV, Battery Projects in Odisha
US Utility to Drop Storage Batteries from Chinese Supplier CATL
After Samsung, Lenovo Agrees to Feature Baidu’s AI Bot Ernie
Western Investment Banks Brace for Job Cuts as China Woes Rise
US Panel Wants Investment Ban on Critical Tech Sectors in China
Nikkei Retreats After New 34-Year Peak, Hang Seng Slips
China Stocks See Best Week in a Year Despite Downcast Economy

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Markets: 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