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Latest: Fintech News

GM Bets $3.5bn More on Self-Driving Tech Unit as SoftBank Exits
GM Bets $3.5bn More on Self-Driving Tech Unit as SoftBank Exits

SoftBank's departure prompts questions about whether Cruise is ready to generate meaningful revenue

India’s Central Bank Warns of Global Downside Risks
India’s Central Bank Warns of Global Downside Risks

The Reserve Bank of India said the spiralling oil and gas prices and unsettled financial market conditions pose fresh headwinds to the global recovery

Mercedes-Benz Opens China R&D Unit Focused on Mobility Tech
Mercedes-Benz Opens China R&D Unit Focused on Mobility Tech

The centre, its second research and development facility in China, will work in tech fields such as connectivity, automated driving and big data, the company said in a statement

HSBC Buys Virtual Plot of Land in First Metaverse Foray
Australian Watchdog Takes Meta to Court Over Crypto Scams
Japan’s Murata to Restart Production After Earthquake
Japan’s Bridgestone Reports Ransomware Attack on US Unit
Micron Technology Urges China Staff to Work from Home
Thai E-Commerce Seeks Decree Clarity – Bangkok Post
Crypto Startups Moonlight as VC Investors – The Information

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