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Latest: Fintech News

Activists Worried as China Shares CCTV Tech Across Asia – ST
Activists Worried as China Shares CCTV Tech Across Asia – ST

Chinese surveillance technologies and tactics are being rolled out in more than 50 countries, including facial recognition CCTV and social media bans, The Straits Times said

China Microchip Firms Shutting Down at Record Rate – SCMP
China Microchip Firms Shutting Down at Record Rate – SCMP

From January to August 3,470 firms that included the word "chip" in in their brands or operations were deregistered, the South China Morning Post said

Biden Orders Alert on Deals in Areas of Key China Interest
Biden Orders Alert on Deals in Areas of Key China Interest

US President issued an order on Thursday directing the Committee on Foreign Investment in the US to focus on microelectronics, artificial intelligence, biotech and quantum computing.

Ethereum ‘Merge’ Upgrade Cuts Coin’s Energy Use by 99.9%
TikTok Won’t Vow to Stop Sharing US Data to China – CNN
China Planning Ten-Fold Increase in Some Cyber Law Fines
South Korea Fines Google, Meta $72m for Privacy Violations
Twitter Has a Chinese Spy, Says Its Former Security Chief
Apple to Use New TSMC Chip Tech in iPhones, Macs – Nikkei
US Pondering Sanctions to Stop China Invading Taiwan

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