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Latest: Fintech News

US Should Ban TikTok, FCC Commissioner Says – Axios
US Should Ban TikTok, FCC Commissioner Says – Axios

A US Federal Communications Commissioner says the US should ban TikTok as there may be no way around concerns about China accessing its user data

Photos Emerge of China’s Military Bases on Artificial Islands
Photos Emerge of China’s Military Bases on Artificial Islands

Aerial shots put China's military bases in the highly contested South China Sea into crisp detail

India’s Vedanta Chief Sees Revenue Jump to $50bn in 2 Years
India’s Vedanta Chief Sees Revenue Jump to $50bn in 2 Years

The head of metals-to-oil group Vedanta expects annual revenue to double to $50 billion in the next 2-3 years, as it ramps up production of metals used in EV batteries

TSMC Plans Expansion With New 1nm Chip Fab – Taiwan News
Toyota’s Profit Drops 25% Due to Computer Chip Shortage
China’s Huawei Plans to Leave Russian Market – Novinite
Shanghai Disneyland Hit by Covid, Foxconn Quadruples Pay
Hong Kong Suggests Expanding Crypto Trade to Retail Market
India Aims For More Decision Power on Social Media Content
China Increases Sectors Open For Foreign Investment

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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