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Latest: Fintech News

TSMC US Plant Hit With Taiwanese Workers Ban Call – 9to5Mac
TSMC US Plant Hit With Taiwanese Workers Ban Call – 9to5Mac

US unions have called on lawmakers not to grant visas to Taiwanese workers TSMC wants to bring in to get their Arizona plant back on track

China ‘Strongly Dissatisfied’ at US Ban on Tech Investment
China ‘Strongly Dissatisfied’ at US Ban on Tech Investment

Beijing "resolutely opposes" the US restrictions, after the Biden administration explains the 'narrow subsets' of its move and likely outcomes for various sectors in 2024, when the new rules will start

Chinese Tech Giants Rush to Buy Nvidia’s Top AI Chips – FT
Chinese Tech Giants Rush to Buy Nvidia’s Top AI Chips – FT

Chinese tech giants Baidu, Tencent, Alibaba and Bytedance have placed orders worth $5 billion with Nvidia for its top AI chips and GPUs, but it is unclear if these items will be affected by the latest White House order

China Accused of Using Licensing Ploy to Access German Tech
UOB to Cut Ties With Myanmar Banks on Sept 1 – Nikkei
China to Tighten Facial Recognition Tech Use Rules – SCMP
Philippines-China Row Over Grounded Warship Heats Up
China App Filings Demand Dubbed a ‘Ministry Approval Process’
US Set to Outline Ban on Sensitive Tech Investment in China
Taiwan Chip Giant TSMC to Pump $3.8bn Into New German Fab

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