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Latest: Fintech News

US May Reveal Intel on Weapons China May Give Russia: WSJ
US May Reveal Intel on Weapons China May Give Russia: WSJ

The US is reportedly considering releasing intelligence on China's potential weapons transfer to aid Russia in its war with Ukraine, but some analysts doubt it would take such a risk

Baidu Says Ernie Bot Will ‘Revolutionise’ its Search Engine
Baidu Says Ernie Bot Will ‘Revolutionise’ its Search Engine

Users would become more dependent on the Baidu search engine once it is embedded with the AI-powered chatbot, company CEO Robin Li told reporters

Host India Doesn’t Want G20 to Discuss Fresh Russia Sanctions
Host India Doesn’t Want G20 to Discuss Fresh Russia Sanctions

India is also pushing to avoid using the term "war" to describe Russia's invasion of Ukraine in official communique, G20 officials said

China Clamps Down on Big Tech Offering ChatGPT – Nikkei
China Asks State Firms to Drop Big Four Auditors Over Data Fears
Digital Asset Sector Closely Watching US Stablecoin Crackdown
India and Singapore Launch First Overseas Payments Link
Guangzhou Splashes $29 Billion on Chip and Tech Race – SCMP
China Bank Reassures Staff Over Star CEO’s Disappearance
US Lawmakers in Taiwan For Tech, Trade Talks – Taiwan News

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