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Latest: Fintech News

India’s TikTok Ban ‘Incredibly Important’: US FCC – TechCrunch
India’s TikTok Ban ‘Incredibly Important’: US FCC – TechCrunch

Federal Communications Commissioner Brendan Carr described TikTok was "a sophisticated surveillance tool" and said the US needs to follow India's move in banning the app

We Have Emerged From Crisis: Huawei Chairman Eric Xu
We Have Emerged From Crisis: Huawei Chairman Eric Xu

Huawei chief Eric Xu says the company is easing out of crisis mode – just weeks after being hit by a further ban imposed by the US government.

China Pulls Off Chip Breakthrough in Sanctions Blow – Telegraph
China Pulls Off Chip Breakthrough in Sanctions Blow – Telegraph

Washington, Brussels and London have all blocked China’s access to advanced Western-made computer chips

Huawei on Comeback Trail After US Sanctions Blow, Says Chief
Short Video Apps Become Vital for China’s Job Hunters – SCMP
Taiwan’s TSMC Starts Production of Its Most Advanced Chip Yet
Crypto Exchange Kraken to Cease Operating in Japan
Approvals Signal an End to China’s Gaming Crackdown
Samsung to Expand Chip Production Even as Rivals Cut Back
Taiwan Reports Largest Chinese Air Force Incursion Yet

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