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Latest: Fintech News

China Offering Millions to Foreign-Trained Chip, Tech Talents
China Offering Millions to Foreign-Trained Chip, Tech Talents

Beijing quietly launched a new initiative to lure elite foreign-educated IT and chip talents to accelerate its tech proficiency, sources and government documents reveal

SoftBank’s Arm Stresses China ‘Risks’ in $60bn US IPO Filing
SoftBank’s Arm Stresses China ‘Risks’ in $60bn US IPO Filing

The more than 300-page document mentioned "PRC" 130 times and "China" 222 times, as it outlined risks and uncertainties emanating from the ongoing chip war between Beijing and the West

Russian Spacecraft Luna-25 Crashes on The Moon
Russian Spacecraft Luna-25 Crashes on The Moon

Luna-25, the Russian spacecraft sent on the country's first mission in 47 years, spun out of control and crashed into the moon on Saturday, officials said

Key Bangladeshi Bank Freezes Myanmar Regime Accounts
China Starts Military Drills Around Taiwan Over Lai’s US Visit
Biden Keen to Upgrade US Partnership With Vietnam – Politico
About Half of American Adults Favour TikTok Ban, Poll Finds
China’s Slow Response to its Economic Woes Puzzling Investors
Investors Dump Private China Firms, Embrace ‘Common Prosperity’
Struggling Chinese Asset Manager Zhongzhi Looking at Debt Rejig

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