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Latest: Fintech News

More Turmoil at Foxconn’s Troubled iPhone Plant in China
More Turmoil at Foxconn’s Troubled iPhone Plant in China

Videos showed a protest on Wednesday by hundreds of workers over pay and conditions at the massive Zhengzhou production facility in central China

JD.com Cuts Exec Salaries Under ‘Common Prosperity’ Pressure
JD.com Cuts Exec Salaries Under ‘Common Prosperity’ Pressure

JD.com CEO Liu Qiangdong also plans to donate 100 million yuan to a special fund to help children of JD employees

China’s Ant Group Seen Facing $1bn-Plus Fine After Big Revamp
China’s Ant Group Seen Facing $1bn-Plus Fine After Big Revamp

Chinese regulators likely to fine Ant in the second quarter of next year for 'disorderly expansion of capital', once the fintech giant nears the end of a major two-year-long overhaul, sources say

Russian E-Commerce Group Opens Office in China to Lift Sales
China’s Key Money Rate Sinks Close to 2-Year Low
TSMC to Launch New Arizona Chip Plant on December 6
TSMC Boss Was Told No Need to Avoid Xi at APEC
Taiwan Talks To China’s Xi Jinping in Rare Encounter at APEC
Taiwan’s TSMC Founder Meets Kamala Harris to Talk Microchips
Hong Kong Crypto Retailer to Close as FTX Shockwave Hits

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