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Latest: Fintech News

China Increases Sectors Open For Foreign Investment
China Increases Sectors Open For Foreign Investment

New list expands the number of industries to 519 from 480 in the last publication of eligible sectors in 2020 and is part of a plan to improve industrial and supply chains.

Samsung Says it Will Proceed with Huge Spending Plans
Samsung Says it Will Proceed with Huge Spending Plans

South Korean tech giant aims to continue with its investment plans despite rivals moving to scale back output and spending, amid concern about a global recession.

US Business Sentiment in China at Record Low, Survey Shows
US Business Sentiment in China at Record Low, Survey Shows

An annual survey by the American Chamber of Commerce in Shanghai and PwC China found only 55% of 307 companies are optimistic about the five-year business outlook.

US Expects Allies to Back Chip Export Curbs on China
Samsung Heir Made Chairman a Year After Jail Release
Tycoon Backs Musk’s Satellite Internet Service in Philippines
China’s Smartphones Shipments Slide in Q3 as Demand Falters
US Chipmaker Marvell Chops Research Staff in China
World’s Largest iPhone Factory Hit by Covid in China – SCMP
Poor Corporate Earnings in US, Asia Point to Slowdown

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