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Latest: Fintech News

Tencent Seen Aiming at Majority Stakes in Foreign Gaming Firms
Tencent Seen Aiming at Majority Stakes in Foreign Gaming Firms

China tech giant is seeking to own majority or controlling stakes in overseas targets, notably in gaming assets in Europe, after tech crackdown knocked 60% off its share value over two years

Details on AI Chip Export Ban May Come Soon, US Official Says
Details on AI Chip Export Ban May Come Soon, US Official Says

Letters to Nvidia and AMD last month telling them to stop shipment of chips used for language processing and nuclear weapons research are likely precursors to new rules, official says

US Leads Chip Supply Chain Meeting With Taiwan, Asian Allies
US Leads Chip Supply Chain Meeting With Taiwan, Asian Allies

The semiconductor shortage, which forced some carmakers to halt production, put a spotlight on chip powerhouse Taiwan and made supply chain management a priority for governments

South Korea Set to Triple Arms Exports in Two Years – Nikkei
Chinese Banks Test Digital Yuan for Cross-Border Settlements
Canberra Says Optus Should Pay for New Passports After Hack
Meta Removes China Propaganda Aimed at US Midterms
China’s ByteDance to Add Four Directors to Board – SCMP
US Lawmakers Seek Power to Block Investment in China
China Firms Work on Alternatives to Nvidia Auto Chips – TechCrunch

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