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Latest: Fintech News

Japan’s Renesas to Boost Domestic Semiconductor Output
Japan’s Renesas to Boost Domestic Semiconductor Output

Chief executive Hidetoshi Shibata said a shortage of supplies of raw materials in Europe and North America was a greater risk than boosting production in Japan

China’s Didi Global Fined $1.2 Billion Over Data Breaches
China’s Didi Global Fined $1.2 Billion Over Data Breaches

The announcement on Thursday by the Cyberspace Administration of China followed a year-long investigation into Didi's collection and use of its customer data

US May Slip Into Recession if Taiwan Chip Link is Cut – CNBC
US May Slip Into Recession if Taiwan Chip Link is Cut – CNBC

The US Senate this week gave its nod to a much-debated semiconductor bill that seeks to hand billions of dollars in sops for the computer chips industry

South Korea Sets 50% Localisation Target for Chipmakers
South Korean Investigators Raid Crypto Exchanges in Luna Probe
Scandal-Hit Chinese Banks’ Customers Win New Repayments
Tencent to Shut Down Another NFT Platform – Jiemian.com
Baidu Unveils Autonomous Robotaxi as GM, Ford Seek US Permits
US Advances Bill With $52 Billion Subsidies for Chipmakers
Twitter Wins Bid to Fast-Track Case Against Elon Musk

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