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Latest: Fintech News


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Taiwan Says Foxconn Needs Approval for China Chip Firm Stake
Taiwan Says Foxconn Needs Approval for China Chip Firm Stake

Taiwan has told Foxconn it must seek permission to invest in Tsinghua Unigroup, after reports that a China-listed subsidiary wants to invest $1.5bn as part of its push into computer chips

Key Tesla AI Executive Leaves Firm Without Stating Reason
Key Tesla AI Executive Leaves Firm Without Stating Reason

The departure of Karpathy, who provided no reason for leaving, comes at a critical time as Tesla chief executive Elon Musk races to achieve full self-driving capability

Crypto Crash Casualty Celsius Files for Bankruptcy
Crypto Crash Casualty Celsius Files for Bankruptcy

The crypto lender said its Chapter 11 filing means it would not seek permission to let customers withdraw from their accounts but would continue other operations

Crypto Crash Fund Three Arrows’ Founders ‘Go Missing’
Hong Kong Metaverse Pioneer Animoca Raises $75m
TikTok Says Australian Data Can Be Accessed in China
Securities, Banking Regulators Issue Guidelines for Stablecoins
India’s Tweaked Telecom Rules Seen Blocking China’s Huawei, ZTE
Taiwan Hints US-Like Relations with EU May Spur Chip Plants
Mercedes Teams Up with Tencent on Self-Drive Cars – Pandaily

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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