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Latest: Fintech News

Chip Shortage Pushes Japan’s Subaru to Slash Output Target
Chip Shortage Pushes Japan’s Subaru to Slash Output Target

A shortage of chips is preventing Subaru and other automakers from ramping up production following the loss of business from Covid

US Demands Answers on China Accessing Facebook Data – CNN
US Demands Answers on China Accessing Facebook Data – CNN

US senators have sought information on a Facebook investigation that found tens of thousands of software developers in China and Russia accessed detailed user data in 2014, CNN said

Shares of Japanese Tech Giants Plunge on Weak Earnings
Shares of Japanese Tech Giants Plunge on Weak Earnings

Nintendo, SoftBank Group and Sharp all suffered steep stock falls on Wednesday after investors were disappointed at their latest results

SoftBank in The Red as Vision Fund $5.52bn Slump Weighs
Taiwan Ramps up Drone Development to Guard From China Threat
North Korea Crypto Theft at Record High in 2022: UN Report
Baidu Finishing Tests in March for ChatGPT-Style ‘Ernie Bot’
US Firms in Taiwan Reviewing Plans as China Tensions Rise
China’s YMTC Forcing Laid Off Staff to Give Up Homes – Nikkei
India to ‘Urgently’ Ban China-Linked Betting and Loan Apps

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