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Latest: Fintech News

Toyota Set to Cut Production Target Over Chips Shortage
Toyota Set to Cut Production Target Over Chips Shortage

Toyota has already slashed its global production target for the last financial year three times, from 9.3 million in May 2021 to 8.5 million this February

China iPhone Production ‘Normal’ Despite Covid Curbs: Foxconn
China iPhone Production ‘Normal’ Despite Covid Curbs: Foxconn

Foxconn's Zhengzhou campus banned all dining at the plant this week and required workers to take their meals back to their dormitories

China Says It’s One of The World’s Safest Countries – GT
China Says It’s One of The World’s Safest Countries – GT

Chinese people's 'sense of security' has risen to 98.6%, an 11% rise since 2012, vice-minister of public security Xu Ganlu said

Hackers Claim to Have Access to Data at Australia’s Medibank
China Tensions Creating Serious Tests for Chip Industry: TSMC
Kakao Co-CEO Resigns After Public Fury Over Service Outage
Russian Electronics Firms Hit by ‘Dud Chips’ from China – Register
The E-Rupee: India Plans Its Own Digital Currency – Nikkei
Key Chip Supplier ASML Says No Hit From US China Sanctions
Cisco Gear Sent to Russia via China, Other States – MarketWatch

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