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Latest: Fintech News

China Regulator Issues Rules on Sending Personal Data Abroad
China Regulator Issues Rules on Sending Personal Data Abroad

Companies that collect personal data will be responsible for assessing if it needs to be protected when it is transferred overseas, under new rules drafted by the China's government regulator

US FCC Member Calls on Apple, Google to Dump TikTok App
US FCC Member Calls on Apple, Google to Dump TikTok App

Brendan Carr, the leading Republican Party member on the Federal Communications Commission, said TikTok collected sensitive data about US users that could be accessed in China

China Hiring Uni Students for Industrial Espionage – FT
China Hiring Uni Students for Industrial Espionage – FT

Beijing spymasters recruited the English-language graduates on behalf of APT40, which snoops on US, Canadian, European, Israeli and Arab agencies, companies and universities

China’s SenseTime Shares Plunge 51% as Lock-up Expires
N Korea Hackers Prime Suspects in $100m Harmony Crypto Heist
Samsung Starts to Mass Produce Advanced 3-Nanometre Chips
US Military Aims to Counter China Propaganda – Defense News
Grayscale Sues US SEC Over Bitcoin ETF Rejection
Crypto Hedge Fund Three Arrows Falls Into Liquidation
China Phone Makers Fill Gap Left by Apple, Samsung in Russia

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