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Latest: Fintech News

China’s DJI Halts Drone Sales in Russia, Ukraine Over War Risks
China’s DJI Halts Drone Sales in Russia, Ukraine Over War Risks

Drone maker says it is reassessing compliance requirements, so it will temporarily suspend all business activities in Russia and Ukraine

South Korea’s SK Hynix Doubles Profit on Strong Chip Demand
South Korea’s SK Hynix Doubles Profit on Strong Chip Demand

The world's second-biggest memory chipmaker said on Wednesday its operating profit rose 116% to 2.9 trillion won ($2.3 billion) in the January-March quarter

Huawei Looks at 5G, Cloud as Path Beyond Sanctions
Huawei Looks at 5G, Cloud as Path Beyond Sanctions

Ken Hu said the company faced an even more daunting year than in 2021 from geopolitics, the pandemic, rising commodity prices and fluctuating exchange rates

Chinese Authorities Raid Fake Products as Amazon Cracks Down
China Study Shows Flaw in Self-Driving Cars – New Scientist
Australia Seeks To Fine Uber $19m Over Misleading Fares
Musk Buys Twitter for $44bn, Hails ‘Free Speech’ in First Tweet
Musk Seen on Brink of Buying Twitter in $43 Billion Deal
Apple Supplier Foxconn Halts Operations at 2 China Plants – SCMP
Guangzhou Gives China’s First Robotaxi Licence to Pony.ai

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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