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Latest: Fintech News

China Reassures Battered Tech Firms, Wants ‘Can-Do’ Relations
China Reassures Battered Tech Firms, Wants ‘Can-Do’ Relations

The Cyberspace Administration of China also said it supports overseas listings, and that the aim is to ensure that data is not abused by foreign governments.

South Korea to Attend Initial Meet of US-Led Asian Chipmakers
South Korea to Attend Initial Meet of US-Led Asian Chipmakers

Seoul's participation in the first meeting of the 'Chip 4' group could heighten the stakes as it seeks to navigate the divide between the US and China over semiconductors

China’s Tencent Reports First Revenue Drop
China’s Tencent Reports First Revenue Drop

Gaming giant suffered its first quarterly sales fall on Wednesday and has been hit hard by Beijing's clampdown on game approvals and playing time, not to mention Covid lockdowns

Chinese Scientist Arrested in US in Chip Breakthrough Claim
China Firms to Make Apple Watch, MacBook in Vietnam – Nikkei
China’s Tencent Stops NFT Sales on Huanhe Platform
Singapore Crypto Firm Hodlnaut Wants Court-Led Restructuring
Huawei Says Profit Plunged 52% in First Half on Weak Demand
Joining China’s SMIC Was Foolish: Taiwan Chip Veteran – SCMP
China’s SMIC Sees Big Profit Jump But Wary of Chips Outlook

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