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Latest: Fintech News

China Focused on Global Tech Dominance, UK Spy Chief Warns
China Focused on Global Tech Dominance, UK Spy Chief Warns

Beijing is using its cyber capabilities to achieve strategic geopolitical goals and conduct global spying campaigns, the GCHQ director said

Surveillance Fear as China Restarts Work on Fifth Antarctic Base
Surveillance Fear as China Restarts Work on Fifth Antarctic Base

New satellite images reveal that construction has resumed for the first time since 2018 on China’s fifth station in the southern polar region

TSMC Seeks up to $15 Billion in US CHIPS Act Subsidies
TSMC Seeks up to $15 Billion in US CHIPS Act Subsidies

But TSMC is said to be concerned about rules that could require it to share profits from the factories and provide detailed information about operations to access those subsidies

Swag of Brazil-China Trade Deals Signed During Lula Visit
Tech Giants Warn India Fact-Checking Rule ‘Open to Misuse’ – TC
China May Soften Charges, Reduce Fine on Embattled Ant Group
‘Fanboys’ Queue Up as Apple Opens First India Store in Mumbai
Google Shares Drop on News Samsung May Adopt Bing – Gizmodo
China’s Guangdong Plans $4.4bn Fund to Boost Chip Sector
Apple Chief Cook, India PM Modi to Meet Amid Expansion Push

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