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Latest: Fintech News

China to Set Up Blockchain Research Centre in Beijing – SCMP
China to Set Up Blockchain Research Centre in Beijing – SCMP

The centre will be tasked with exploring blockchain’s potential for the government, Chinese citizens and industries

Google AI Chatbot’s Factual Error in Ad Costs $100bn – Reuters
Google AI Chatbot’s Factual Error in Ad Costs $100bn – Reuters

Google's AI chatbot Bard, touted as a competitor to ChatGPT, shared inaccurate information in a promotional video

Foxconn in ‘Serious’ Talks to Invest in India’s Karnataka
Foxconn in ‘Serious’ Talks to Invest in India’s Karnataka

The Taiwanese tech giant already has operations in Andhra Pradesh and Tamil Nadu, where it manufactures products for companies such as Apple and Amazon

Australia to Remove Chinese Surveillance Cameras at State Offices
China Android Phones Have 30 Data-Collecting Apps – Register
New System Needed to Regulate Big Tech in Finance, BIS Says
Japan May Opt for Milder Chip Curbs on China Than US: Lawmaker
Chip Shortage Pushes Japan’s Subaru to Slash Output Target
US Demands Answers on China Accessing Facebook Data – CNN
Shares of Japanese Tech Giants Plunge on Weak Earnings

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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