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Latest: Fintech News

China’s Lenovo Sees Revenue Dip as Covid Shutdowns Take Toll
China’s Lenovo Sees Revenue Dip as Covid Shutdowns Take Toll

The world's largest maker of personal computers posted its first revenue drop in 10 quarters

TikTok Tells EU Users China Staff Can Access Data – Guardian
TikTok Tells EU Users China Staff Can Access Data – Guardian

The social video app giant said staff must have access European user data to ensure the platform is "enjoyable and safe" 

US Should Ban TikTok, FCC Commissioner Says – Axios
US Should Ban TikTok, FCC Commissioner Says – Axios

A US Federal Communications Commissioner says the US should ban TikTok as there may be no way around concerns about China accessing its user data

Photos Emerge of China’s Military Bases on Artificial Islands
India’s Vedanta Chief Sees Revenue Jump to $50bn in 2 Years
TSMC Plans Expansion With New 1nm Chip Fab – Taiwan News
Toyota’s Profit Drops 25% Due to Computer Chip Shortage
China’s Huawei Plans to Leave Russian Market – Novinite
Shanghai Disneyland Hit by Covid, Foxconn Quadruples Pay
Hong Kong Suggests Expanding Crypto Trade to Retail Market

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