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Latest: Fintech News

China’s YMTC Forcing Laid Off Staff to Give Up Homes – Nikkei
China’s YMTC Forcing Laid Off Staff to Give Up Homes – Nikkei

Last month, on the heels of an export ban by the US and amid ongoing lay-offs in tech industries across the world, YMTC announced it would dismiss 10% of its staff

India to ‘Urgently’ Ban China-Linked Betting and Loan Apps
India to ‘Urgently’ Ban China-Linked Betting and Loan Apps

The Ministry of Home Affairs recommended India's IT ministry ban and block the apps by the coming week

Foxconn Sales Soar as iPhone Contractor Emerges From Covid
Foxconn Sales Soar as iPhone Contractor Emerges From Covid

The Taiwanese firm, which assembles around 70% of Apple’s iPhones, reported record revenue in January of $22 billion

Japan Seen Joining Ban on Chip-Making Tech Exports to China
Apple Chief Tim Cook ‘Very Bullish’ on India – Nikkei
Blinken Cancels China Trip as ‘Spy Balloon’ Strains Ties
Paris Club Seen Giving Sri Lanka Support for IMF Bailout
China Needs Tech Self-Reliance to Avoid Being Strangled: Xi – SCMP
India, US Partner on Chips, AI and Arms to Take on China
Huge Debts Limiting Services in Some Chinese Cities – CNN

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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