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Latest: Fintech News

TikTok, Bytedance File Legal Challenge Against Divestment Law
TikTok, Bytedance File Legal Challenge Against Divestment Law

China tech giants file a suit in a Federal Court in Washington DC, saying the divestment law violates the US Constitution on a number of grounds, such as free speech

US Scraps Chipmakers’ Export Licences to Sell to China’s Huawei
US Scraps Chipmakers’ Export Licences to Sell to China’s Huawei

US revokes licences that gave chipmakers such as Intel and Qualcomm permission to sell chips to Huawei after China tech giant released an AI-enabled laptop last month

Another ByteDance App Gains Popularity in US – SCMP
Another ByteDance App Gains Popularity in US – SCMP

The app, Lemon8, is known for its ‘blog-style’ posts and is seen as a platform for photos, rather than videos

Apple Working With TSMC to Make its Own AI Chips: WSJ
Warren Buffett Likens AI to the Atomic Bomb — Quartz
Chinese Graphite: US Carmakers Win Easier EV Tax Credits
Macron and Xi Set to Discuss Trade Concerns, War in Ukraine
Tesla Sues Indian Battery Maker For Use of ‘Tesla Power’ Name
Massive Inflows Into Taiwan ETFs Spark Volatility Concerns
TikTok Allowing Manipulated Videos of Biden, Media Monitor Says

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