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Latest: Fintech News

UK Delays Verdict On Chip Firm Sale to China – Guardian
UK Delays Verdict On Chip Firm Sale to China  – Guardian

Business secretary Kwasi Kwarteng has put off a decision on whether to permit the sale of Newport Wafer Fab

Cyber Bullies Face Year in Jail Under New Japan Law – Kyodo
Cyber Bullies Face Year in Jail Under New Japan Law – Kyodo

Cyber bullies who insult or threaten other people on social media could face up to a year in prison or a fine up to 300,000 yen ($2,200) under new penalties that came into effect in Japan on Thursday

China Slams US Chip Action as ‘Technological Terrorism’
China Slams US Chip Action as ‘Technological Terrorism’

A Foreign Ministry spokesman said reports that the US wants to restrict the export of DUV lithography machines were an example of 'coercive diplomacy' and abuse of US power

FBI, MI5 Warn World of ‘Breathtaking’ China Economic Threat
Samsung Shares Rise 3% After Upbeat Quarterly Earnings
Crypto Crash Continues as Lender Voyager Files for Bankruptcy
Social Media Giant Twitter Sues India Over Removal Order
UK Crypto Lender Nexo Offers To Bail Out Troubled Vauld
US May Hammer China Chip Ambitions With New Curbs Plan
US Senators Demand Probe Over TikTok User Data

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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