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Latest: Fintech News

US Says Thanks Taiwan, But Urges Greater Chip Output
US Says Thanks Taiwan, But Urges Greater Chip Output

Tightness in semiconductor supplies over the past two years have in some cases caused automotive and consumer appliance production lines to shut down

Artificial Intelligence an ‘Existential’ Threat to China-US Ties – FP
Artificial Intelligence an ‘Existential’ Threat to China-US Ties – FP

Washington and Beijing need to upgrade human-to-human co-operation to avoid AI errors in a high-pressure, low-information military environment

Indonesia to Impose Crypto Taxes From May 1 – ABLJ
Indonesia to Impose Crypto Taxes From May 1 – ABLJ

A law imposing value-added tax and income tax on crypto-asset trade transactions take effect from May 1 in the Southeast Asian country

UK’s Arm Names China Co-CEOs in Bid to End Stand-Off
Musk Sells $4bn Tesla Shares After Twitter Bid – CNBC
New Zealand Puts Central Bank Digital Currency Plan on Hold
Apple Says China Output Resuming But Chip Shortage Weighs
Central African Republic Approves Bitcoin as Legal Tender – BBC
China’s Weibo to Fight ‘Bad Behaviour’ by Adding User Location
Huawei Revenues Drop 13.9% as Handset Share Declines

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