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Latest: Fintech News

TikTok Employees Urged to Play Down Chinese Origins: Gizmodo
TikTok Employees Urged to Play Down Chinese Origins: Gizmodo

The firm seems to think its biggest public perception problem is that it's from China, according to the trove of material accessed by Gizmodo

Samsung Electronics Profit Rises 12% on Strong Chip Demand
Samsung Electronics Profit Rises 12% on Strong Chip Demand

Its operating profit rose to 14.1 trillion won ($10.8 billion) for the quarter ended June 30 from 12.57 trillion won a year earlier, higher than the company's own estimate of 14 trillion won

Facebook Owner Meta Reports First Quarterly Revenue Fall
Facebook Owner Meta Reports First Quarterly Revenue Fall

The US company said it expects third-quarter revenue to fall between $26 billion and $28.5 billion, a second successive year-over-year decline

US Senate Passes Semiconductors Subsidy Legislation
Crypto Faces Tighter Oversight by US Consumer Watchdog
SK Hynix Warns of Recession-Driven Slump in Server Chip Demand
US Senate Votes to Advance $52bn Semiconductor Bill
SK Group’s $22bn US Chips, Energy, Bioscience Investment Plan
Ant Executives Sever Ties With Alibaba After China Crackdown
Thailand Looks Into Losses by Zipmex Crypto Exchange Users

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Asia Finance Insights
Asia Fintech insights, analysis, and guides from Asia Financial’s market and new economy experts.
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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