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Latest: Fintech News

US Orders Chinese Crypto Firm to Sell Land Near Missile Base
US Orders Chinese Crypto Firm to Sell Land Near Missile Base

White House move comes amid concern that the firm, which uses foreign tech for crypto mining, may be involved in spying on the base, which houses US nuclear missile silos

Japan’s SoftBank In Profit Bounceback Despite Vision Fund Hit
Japan’s SoftBank In Profit Bounceback Despite Vision Fund Hit

The big tech investor booked a profit of $2.11 billion in January-March, compared to a loss of $200 million a year earlier

TikTok to Label AI-Created Content Made by Likes of OpenAI
TikTok to Label AI-Created Content Made by Likes of OpenAI

The video-sharing app will use specially-created software that is also set to be adopted by Alphabet’s Google and Meta Platforms’ Instagram and Facebook

Double or Quadruple, Biden Tariffs Won’t Really Hurt China
US And China Set to Discuss AI Risks at Geneva Meeting
ANZ Bank Facing Probe over Issuance of Treasury Bonds
South Korea to Announce $7 Billion Package For Chip Industry
China Chipmaker SMIC Sees Revenue Jump 20% Amid Demand Woes
US Tariffs Loom on Chinese EVs, And Maybe Solar Panels
China Capture of TSMC Would Be ‘Devastating’ For US: Raimondo

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