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Latest: Fintech News

G20 Considering Whether to Regulate Crypto, Indian Minister Says
G20 Considering Whether to Regulate Crypto, Indian Minister Says

The Group of 20 (G20) economies are pondering whether to collectively regulate cryptocurrencies, India's finance minister said. She will host a meeting of top global officials this month

Biden Seen Banning Some US Investment in China
Biden Seen Banning Some US Investment in China

The US government plans to bar investment in some Chinese tech companies, to stop American money pouring into sensitive sectors such as chips for artificial intelligence

Second High-Altitude UFO Shot Down Over North America
Second High-Altitude UFO Shot Down Over North America

Another unidentified object flying high over Canada was shot down on Saturday, following a similar strike on Friday. The US has also blacklisted six firms linked to China's 'spy balloons' programme

Intel Eyes $1 Billion Vietnam Chip Plant Investment Boost
Chipmaker SMIC Warns of Weak 2023 on Slipping Tech Demand
Alibaba, Tencent Race to Build ChatGPT Rivals – Nikkei
China to Set Up Blockchain Research Centre in Beijing – SCMP
Google AI Chatbot’s Factual Error in Ad Costs $100bn – Reuters
Foxconn in ‘Serious’ Talks to Invest in India’s Karnataka
Australia to Remove Chinese Surveillance Cameras at State Offices

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