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Latest: Asia Stock Market News

Chipmakers Flee China, Shift to Vietnam Amid US-China Heat
Chipmakers Flee China, Shift to Vietnam Amid US-China Heat

The back-end segment of the chip industry, involving testing, assembly and packaging, is booming in Vietnam as companies shift away from China

China’s CATL Eyeing ‘Zero Carbon’ Power Grids, EV Platforms
China’s CATL Eyeing ‘Zero Carbon’ Power Grids, EV Platforms

Billionaire who founded battery giant CATL has plans to develop 'zero carbon' power grids, a business that could be far bigger than his EV battery operations

We’d Build a Plant in US if Trump Permits: China Battery Boss
We’d Build a Plant in US if Trump Permits: China Battery Boss

CATL founder Robin Zeng confirms battery licensing deals with Tesla and Ford, but US lawmakers may not allow a Chinese battery plant in the US given tense trade ties

Bitcoin Surges Close to $90,000 on Trump Boost – Reuters
COP29 Takes a Step Towards UN-Backed Global Carbon Market
Uncertainty on Methane Emission Fee as Biden Term Nears End
SK Hynix Worker Jailed for Stealing Chip Tech – Korea Bizwire
China’s Subsidy Scheme Helps Boost Single’s Day Sales
‘We Are on a Road to Ruin’: COP29 Kicks Off Amid Trump Worry
China’s ‘Broke’ Local Governments Turning to Extortion: HRW

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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