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Latest: Fintech News

Malaysia Appeals Court Upholds Najib Razak’s 1MDB Conviction
Malaysia Appeals Court Upholds Najib Razak’s 1MDB Conviction

Ex-PM plans final appeal to Federal Court after his conviction for illegally receiving about $10 million from SRC International is confirmed by the Appeals Court

Apple’s iPhone Production Falls Behind Schedule
Apple’s iPhone Production Falls Behind Schedule

Company has been scrambling to keep up with global chip shortage and supply-chain disruptions were expected to worsen during the holiday sales quarter

Netflix, Robinhood Hit as Global Outage Disrupts Amazon’s Cloud
Netflix, Robinhood Hit as Global Outage Disrupts Amazon’s Cloud

Company says it was working to resolve the issue and making progress, but did not give an estimate when services would be restored

Binance Labs Leads Seed Round for BBS: CityAM
Apple Signed Secret $275bn Deal with China: The Information
Intel to Take Self-Driving Car Unit Mobileye Public
Samsung to Merge Mobile, Consumer Electronics Units
Cryptocurrency Gauge Slumps on Risk Aversion, Omicron: Index Insights
SenseTime Launches Hong Kong IPO to Raise up to $767m
Indian Startups Splurge $440m on Stock Rewards in 2021: Mint

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