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Latest: Fintech News

China Already Outflanks US in AI, Says Ex-Pentagon Tech Chief
China Already Outflanks US in AI, Says Ex-Pentagon Tech Chief

The former US Air Force scientist said he was “angry” at the pace of development in the US, arguing that AI was more vital to US interests than military hardware

No Let up in China’s Aim to Curb Tech Monopolies: PBoC Chief
No Let up in China’s Aim to Curb Tech Monopolies: PBoC Chief

Governor Yi Gang says nation won’t relent in crackdown that’s already snared Alibaba unit Ant Financial

China Proposes Adding Cryptocurrency Mining to Blacklist
China Proposes Adding Cryptocurrency Mining to Blacklist

Beijing to enshrine in law a ban that’s forced miners from the country. Proposed list of prohibited industries is shortened, however

TSMC, Sony Said to be Considering Joint Chip Factory
Mobikwik Poised For Up To $1.7bn Valuation in India IPO
TSMC ‘Won’t Give Company Secrets’ To US Chips Crisis Probe
Chip Crisis To Push Samsung Quarterly Profit To 3-Year High
Gaming Apps Block Access In Indian State As Betting Ban Bites
India Will Soon Be A Crypto-Investment Hub: Chainalysis
Grab To Take Majority Stake In Indonesia E-wallet OVO

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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