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China’s Communist Party Puts Scientists Into Top Roles – SCMP
China’s Communist Party Puts Scientists Into Top Roles – SCMP

All six members of the party's new executive committee boast scientific expertise, from nuclear power to rocket science, reported the SCMP

China’s YMTC Asks US Staff to Leave After US Chip Curbs – FT
China’s YMTC Asks US Staff to Leave After US Chip Curbs – FT

The Chinese memory chipmaker YMTC has asked US employees to leave group in a bid to comply with the export restrictions imposed recently by the Biden Administration

Unveiling of ‘Team Xi’ Spurs Hong Kong Stock, Yuan Plunge
Unveiling of ‘Team Xi’ Spurs Hong Kong Stock, Yuan Plunge

Hong Kong stock index falls over 6% to levels last seen in the 2008 crisis, with shares of Alibaba and Tencent down 10% and 8% on fears economic growth will be sacrificed for ideological policies

US Chip Curbs May Have Big Impacts on US Firms – Yahoo
Toyota Set to Cut Production Target Over Chips Shortage
China iPhone Production ‘Normal’ Despite Covid Curbs: Foxconn
China Says It’s One of The World’s Safest Countries – GT
Hackers Claim to Have Access to Data at Australia’s Medibank
China Tensions Creating Serious Tests for Chip Industry: TSMC
Kakao Co-CEO Resigns After Public Fury Over Service Outage

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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