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Latest: Fintech News

Former Chicago Student Convicted of Spying For China – Tribune
Former Chicago Student Convicted of Spying For China – Tribune

Chaoqun, 31, was found to be gathering details on engineers and scientists in the US working on artificial intelligence, aerospace technology and aircraft carriers, reports said.

Philippines to Deport 40,000 Chinese in Gambling Crackdown
Philippines to Deport 40,000 Chinese in Gambling Crackdown

Before the pandemic Philippine offshore gambling operators, or POGOs, employed more than 300,000 Chinese workers

US Lawmakers, TikTok Close in on Data Security Deal
US Lawmakers, TikTok Close in on Data Security Deal

ByteDance has so far resisted US demands to divest TikTok, with the details of the new data security deal still being hammered out

Staff at UK Chip Firm Prefer Dutch/Chinese Owners – Times
Interpol Seeks Arrest of Crypto Developer Do Kwon – TechCrunch
Phone Giants Resist India’s Call for Local Navigation System
Grab Tightens its Focus, Reining in Financial Service Goals
Asian Share Slide Continues Over Gloomy Inflation Outlook
Five China ETFs Rushed Out to Bolster Battered Tech Stocks
China Made 84% of World’s Blockchain Applications – SCMP

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