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Latest: Fintech News

Chinese Province To Move Data Centres Under The Sea
Chinese Province To Move Data Centres Under The Sea

Guangdong province, a major tech hub on the southeast coast, plans to move some big data centres to new sites under the sea in a bid to cut energy use, according to a plan published on Tuesday

Elon Musk Urged to Pay Some Tax After Time Magazine Award
Elon Musk Urged to Pay Some Tax After Time Magazine Award

Musk, who is now the world's wealthiest person, wields impact with his Tesla electric cars and his SpaceX rockets, but a US senator says he's a freeloader who should pay more tax

Myanmar Shadow Government Backs Use of Stablecoin Tether
Myanmar Shadow Government Backs Use of Stablecoin Tether

The National Unity Government has been seeking to raise funds for its 'revolution' to topple the ruling military junta

US Chipmaker Magnachip, China’s Wise Road End $1.4bn Merger
Singapore Growing Target for Ransomware Attacks: ST
US Chipmaker Intel to Invest $7bn In New Malaysia Facility
Binance Affiliate to Withdraw Singapore Licence Application
SenseTime Suspends $767m Hong Kong IPO After US Ban
India PM Modi’s Twitter Hacked By Bitcoin Scammers
UK Spy Chief’s Fears Over China’s Digital Renminbi: FT

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