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Latest: Fintech News

Xi Puts Tech First in China’s Development Goals – SCMP
Xi Puts Tech First in China’s Development Goals – SCMP

Chinese President stressed innovation and hailed progress in the areas of space flight and exploration, quantum information and supercomputers.

US Tech Boosted China’s Hypersonic Missile Projects – WaPo
US Tech Boosted China’s Hypersonic Missile Projects – WaPo

Researchers in China's hypersonic and missiles programme have managed to obtain specialized US technology, such as advanced software products, via private resellers or research bodies

Kakao Shares Slump After Service Blackout Erodes Trust
Kakao Shares Slump After Service Blackout Erodes Trust

South Korea's technology ministry is probing whether the outage violated any laws, with compensation of $8.4 million expected for users

Apple Defers Plan to Use China’s YMTC Chips – Nikkei
Taiwan Expects $940 Million of New Chip Investment from US
ASML and Lam Research Pull US Engineers Out in China – SCMP
US to Reject ‘Untrustworthy’ New Huawei, ZTE Equipment
US Authorities Investigating Musk, Twitter Tells Court
Japan’s Sony And Honda Team up to Make Luxury EV
TSMC, Samsung Win Waivers; US Workers Ban Rocks China Firms

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