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Latest: Fintech News

China Blames US For University Server Attack – SCMP
China Blames US For University Server Attack – SCMP

A cyber security report claimed the US had launched “tens of thousands” of cyberattacks on China and pilfered troves of sensitive data, the South China Morning Post said.

Chips Banned by US in Big Demand from Chinese Researchers
Chips Banned by US in Big Demand from Chinese Researchers

Top universities and research institutes in China have been spending large sums on advanced US computer chips designed by Nvidia to power artificial intelligence research work.

China E-Commerce Giant Shein’s Sales Soar 50% – Pandaily
China E-Commerce Giant Shein’s Sales Soar 50% – Pandaily

Soaring sales come thanks to its global appeal, with the online retailer surpassing Amazon for mobile downloads in the US in the second quarter of 2022, Pandaily said

China Eyes Domestic Solution to US AI Chips Curbs – SCMP
Samsung Admits US Data Breach Saw Customer Data Exposed
India Offers $10bn to Lure Chipmakers to Set up Plants – FT
China Says Licences Needed for Mapping by ‘Smart Cars’
WhatsApp Banned 2.4 Million Indian Accounts in July
Taiwan President Hails ‘Democracy Chips’ Tie-Up With US
US Chip Ban Likely to Hit Most of China’s Tech Giants

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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