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Latest: Fintech News

Baidu Cloud, AI Services Draw $4.2bn in March Quarter
Baidu Cloud, AI Services Draw $4.2bn in March Quarter

Curbs in China to contain the spread of Covid-19 appeared to boost demand for Baidu's cloud services and AI products, helping the group record revenue that topped estimates

UK to Probe Chinese Takeover of Chip Company – FT
UK to Probe Chinese Takeover of Chip Company – FT

Business secretary Kwasi Kwarteng said the acquisition of Newport Wafer Fab by Nexperia, a subsidiary of China's Wingtech, would face an investigation

Sony to Boost PlayStation 5 Output, Broaden PC, Mobile Titles
Sony to Boost PlayStation 5 Output, Broaden PC, Mobile Titles

The PS5, launched in November 2020, undersold its predecessor in its second year due to component shortages which have roiled the electronics industry

India’s Vedanta to Announce Semiconductor Plant Location
ADDX Raises $58m, Teams Up With Thai Stock Exchange
Singapore Court Freezes ‘Bored Ape’ NFT – The Times
Hong Kong Fintech Regulator Grants Licences to Singapore’s Syfe
Fintech Startup Propels Indonesian Poultry Productivity
Crypto Crash ‘Darwinism’, Says Bitcoin Fund Head – Ignites
Russia-Ukraine War Causes ‘Once in a Generation’ Food Crisis

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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