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Latest: Fintech News

Vietnam Keen on US Asian Plan but Calls for More Details
Vietnam Keen on US Asian Plan but Calls for More Details

The US Indo-Pacific Economic Framework has four pillars: supply-chain stability, digital economy, the fight against climate change and one related to labour, tax and anti-corruption measures

US Says China Is Lobbying to Water Down Semiconductor Bill
US Says China Is Lobbying to Water Down Semiconductor Bill

US Commerce Secretary Gina Raimondo says Beijing is pushing US executives, companies and business groups to fight against China-related bills in Congress

Biden Moves to Stop China Gaining US Personal Data
Biden Moves to Stop China Gaining US Personal Data

The draft order would grant Attorney General Merrick Garland authority to review and potentially bar some commercial transactions involving the sale of or access to data

Japan Passes Economic Security Bill Aimed at China
China Lockdown Risk Weighs As Sony Looks to Sell 18m Consoles
India’s New VPN Rules ‘Worse Than Russia, China’ – MediaNama
Apple Workers Revolt at Back to Office Order – Computer World
JD.com, Alibaba and China Tech Stocks Sink Further
France’s Renault Sells Stake in Korean Arm to China’s Geely
Tesla Faces Shortage of EV Parts, Halts Production in Shanghai

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