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Latest: Fintech News

China’s Lenovo to Buy $614m Stake in Digital Units of HK’s PCCW
China’s Lenovo to Buy $614m Stake in Digital Units of HK’s PCCW

The world's largest maker of personal computers said it will acquire an 80% stake in Digital Era Enterprises and a 20% stake in PCCW Network Services, a holding company

Japan, US Speed Up Advanced Chips Venture – Nikkei
Japan, US Speed Up Advanced Chips Venture – Nikkei

The model is for Japanese and US businesses to jointly establish a new company, or else Japanese firms could set up a new manufacturing hub in the US

China’s New Mobile App Rules Come Into Force From August 1
China’s New Mobile App Rules Come Into Force From August 1

Providers must not use apps to conduct activities that endanger national security, the Cyberspace Administration of China (CAC) said

Taiwan Says China Attack ‘Worse Than Ukraine’ for Supply Chains
‘Winter is Here’ as Crypto Crash Threatens Downward Spiral
Samsung China Chip Output Hit By Korean Truckers Strike
China AI Uses Deception to Kill Satellites in Space Battle – SCMP
Clouds Loom Over China’s Future in ‘Miracle City’ Shenzhen
Japanese Gaming Giant Nexon Plots Global Expansion
Bitcoin Hits 18-Month Low as Celsius Halts Withdrawals

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