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Latest: Fintech News

Nintendo Shares Crash 7% on Switch Console Sales Forecast Cut
Nintendo Shares Crash 7% on Switch Console Sales Forecast Cut

The videogame maker’s stock saw its biggest one-day drop in a year after chip shortages were cited in a sales projection fall for its hit console

Germany May Block Chinese Takeover of Chip Factory – DW
Germany May Block Chinese Takeover of Chip Factory – DW

Germany's Economy Minister wants to stop a Chinese investor taking over the Elmos microchip factory in Dortmund amid concern over the country's reliance on Beijing

TSMC Plans Advanced $12bn Chip Plant in Arizona – WSJ
TSMC Plans Advanced $12bn Chip Plant in Arizona – WSJ

The cutting-edge semiconductor plant will be capable of making advanced 3-nanometre computer chips, the Wall Street Journal said

Millions Face Mass Testing and Lockdown in China’s Guangzhou
Crypto Sector Shaken by FTX Collapse, Binance Takeover
Cryptos Crumble as FTX Exchange Rumours Panic Traders
Report Says China Uses Software Flaws for Cyber Attacks – Register
China Opposes Taiwan’s $10m Lithuanian Chip Investment
China’s Super-Rich See Wealth Plunge as Economy Slows
Nvidia Offers New Chip to China That Meets US Limits

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