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Latest: Fintech News

China Videogame Sector Reports First-Ever Drop in Revenue
China Videogame Sector Reports First-Ever Drop in Revenue

Combined revenue fell 1.8% to 147.7 billion yuan ($21.8 billion) in the six months ended June 30, the China Audio-Video and Digital Publishing Association said

China’s Social Security Fund to Spur Industrial Innovation
China’s Social Security Fund to Spur Industrial Innovation

Officials said funding was completed on Wednesday for the second phase of the advanced manufacturing fund, which invests in Chinese innovation sectors

Japan’s Renesas to Boost Domestic Semiconductor Output
Japan’s Renesas to Boost Domestic Semiconductor Output

Chief executive Hidetoshi Shibata said a shortage of supplies of raw materials in Europe and North America was a greater risk than boosting production in Japan

China’s Didi Global Fined $1.2 Billion Over Data Breaches
US May Slip Into Recession if Taiwan Chip Link is Cut – CNBC
South Korea Sets 50% Localisation Target for Chipmakers
South Korean Investigators Raid Crypto Exchanges in Luna Probe
Scandal-Hit Chinese Banks’ Customers Win New Repayments
Tencent to Shut Down Another NFT Platform – Jiemian.com
Baidu Unveils Autonomous Robotaxi as GM, Ford Seek US Permits

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