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Latest: Fintech News

US Speaker Meets Taiwan’s Tsai, Keen to Boost Arms Support
US Speaker Meets Taiwan’s Tsai, Keen to Boost Arms Support

Speaker Kevin McCarthy stressed the need to speed up arms deliveries to Taiwan after meeting President Tsai in California, while Taiwanese officials monitor a Chinese carrier near the island

Taiwan’s Foxconn Posts Revenue Rise But Warns on Outlook
Taiwan’s Foxconn Posts Revenue Rise But Warns on Outlook

The Apple iPhone manufacturer said it was bracing itself for a sales slump despite record revenue in the first quarter of the year

Twitter Blocks Accounts of Over 100 ‘Modi Critics’ – Guardian
Twitter Blocks Accounts of Over 100 ‘Modi Critics’ – Guardian

The accounts included several Indian journalists, Canadian poet Rupi Kaur and BBC News' Punjab bureau

EU Leaders Back in China, Eyeing Business and Ukraine
Samsung Quarterly Profit Set to Tank 92% Amid Chip Downturn
China Stalling Merger Reviews of US Chip Firms, Others – WSJ
China Calls on WTO to Review Chip Export Curbs Led by US
Foreign Money Flowing Back Into China on Alibaba, Ma Boosts
Micron Says China Operations Normal Despite Government Review
China’s Yuan is Now the Most Traded Currency in Russia

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