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Latest: Fintech News

Singapore Seeks 2 More for S$3bn Money Laundering Case – CNA
Singapore Seeks 2 More for S$3bn Money Laundering Case – CNA

Singapore police have issued arrest warrants for two ethnic Chinese linked to a massive money laundering case involving assets that now total over S$3 billion (US$2.24 billion)

China Firms Using Own Cash to Launch ‘Sponsored’ Equity Funds
China Firms Using Own Cash to Launch ‘Sponsored’ Equity Funds

China's regulator told some fund managers they need to launch at least four equity funds before they open any new bond fund, in hopes of propping up the stock market

TSMC’s AI Bet Triggers Mega Chip Rally, Except in China
TSMC’s AI Bet Triggers Mega Chip Rally, Except in China

TSMC's shares closed 6.5% higher on Friday in Taipei, cementing its position as Asia's most valuable listed company

BYD’s Thai Distributor to Triple EV Outlets as Sales Boom
Chinese Exporters Face Shipping Crisis From Red Sea Attacks
China Takes First Steps Towards Standardising AI Industry
High-Tech Asian Crime Wave: Cyber Scams, Casinos Loot Billions
UN Chief: Big Tech Chasing AI Profits Ignoring Risks – Guardian
Apple Ousts Samsung as World’s Top Smartphone Seller
OpenAI Shifts Stance on Military Use of AI Tools – CNBC

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