Latest: Fintech News
Trimmed version of Congress bill is expected to include $52 billion in subsidies for the industry and tax credits for firms that make semiconductors in the US
TikTok is likely harvesting the data from troops to understand US army strategy and the locations of military barracks, said the Federal Communications Commission.
A report by the Wall Street Journal, citing sources familiar with the matter, said that Shanghai authorities had summoned executives from Alibaba's cloud division in relation to the data breach.
TSMC, a key Apple supplier and the world's largest contract chipmaker, said profit soared by 76% in the April-June period, to T$237 billion ($7.9 billion)
Taiwan is weighing a fine of up to T$25 million ($835,600) on Foxconn for funding struggling Chinese chip conglomerate Tsinghua Unigroup without government approval
Analysts said the yen's tumbling value against the dollar caused share price boosts for automakers and microchip producers
Taiwan has told Foxconn it must seek permission to invest in Tsinghua Unigroup, after reports that a China-listed subsidiary wants to invest $1.5bn as part of its push into computer chips
The departure of Karpathy, who provided no reason for leaving, comes at a critical time as Tesla chief executive Elon Musk races to achieve full self-driving capability
The crypto lender said its Chapter 11 filing means it would not seek permission to let customers withdraw from their accounts but would continue other operations
The Singapore-based hedge fund, which was reported to have $10 billion in cryptocurrency earlier in 2022, filed for bankruptcy in the British Virgin Islands in late June
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Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
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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
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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