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Latest: Fintech News

Taiwan Firm to Start Work Soon on $5bn Wafer Plant in Texas
Taiwan Firm to Start Work Soon on $5bn Wafer Plant in Texas

Taiwan's Globalwafers will start work in November on the first silicon wafer facility built in the US in more than two decades.

Twitter Reaped a Bonanza From Chinese State Entities
Twitter Reaped a Bonanza From Chinese State Entities

Twitter's dealings in China may come to the fore on Tuesday when a US Senate panel holds a hearing to consider a whistleblower complaint filed by the group's former security chief.

Ether Eyes Bitcoin’s Crypto Crown as ‘Merge’ Upgrade Looms
Ether Eyes Bitcoin’s Crypto Crown as ‘Merge’ Upgrade Looms

Ethereum has surged 65% since June as it nears a software upgrade to reduce its power usage. Some bet that if the 'Merge' this week is successful it could even challenge bitcoin

Vedanta Picks Modi’s State for $20bn India Chips Plant
US to Ban Export of Chips, Chipmaking Tools to China
China ‘Stolen Personal Data of 80% of Americans’ – The Hill
Sea Cuts Operations in South America, Gaming Staff in China
Overseas WeChat Users Warned All Data Sent to China – RFA
US Ban on Nvidia, AMD Chips Could Backfire, Analysts Say
Apple Playing With Fire Using Chinese Chips, Rubio Says – FT

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