Latest: Fintech News
Foxconn faces disciplinary action from Taiwan's government after it disclosed it was a shareholder of Chinese chip conglomerate Tsinghua Unigroup
The system has already been used by Russia following the imposition of sanctions on Moscow over the Ukraine war
The US has added dozens of firms to its trade blacklist in a bid to curb China's military, human rights abuses, and block suppliers of the Russian military
US regulators say American auditors have got the green light to inspect the books of US-listed firms in China for the first time, after trial inspections in Hong Kong several months ago
Despite the cryptocurrency sector’s recent troubles, the larger of the two funds has pulled in $53.9 million
YMTC is likely to be added to the US Commerce Department's 'Entity List', which bars American firms from selling technology to companies unless they get an export licence, sources have said
With China’s tech industry under pressure, Washington is worried Beijing may turn to a tactic it used in the solar panel and 5G telecom industries
The development means that Chinese tech giant Alibaba will not be able to buy Arm’s latest Neoverse V series, as its advanced capacity is blocked by US and UK export controls
"American chip manufacturers have no problem with China as a customer," ASML CEO Peter Wennink said
"There is no more time to waste on meaningless negotiations with a CCP-puppet company," Republican Senator Marco Rubio said
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Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
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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
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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