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Latest: Fintech News

‘China Won’t Allow It’: TikTok Compares Divestiture to Chip Ban
‘China Won’t Allow It’: TikTok Compares Divestiture to Chip Ban

In a 99-page document submitted to a US court, TikTok and ByteDance argued the divest-or-ban bill was punitive, speculative and needed to be struck down

Habeck in Beijing to Discuss Trade, as Germany Pivots to US
Habeck in Beijing to Discuss Trade, as Germany Pivots to US

Germany's trade with China has been falling, while deals with the US have risen. In the first quarter, the US surpassed China as Germany's top trade partner, for the first time in eight years

Huawei Chair Lauds Group’s Progress on Operating System, AI
Huawei Chair Lauds Group’s Progress on Operating System, AI

Chairman Richard Yu said it had taken the company 10 years to do what others in the United States and Europe took 30 years to achieve

US, China Hold Informal Nuclear Talks, Discuss Taiwan
Google, OpenAI Scrutinise Staff Amid Fear of China Spying – FT
China Signs $2.8bn Deals in Malaysia, Eyes Pan SE Asia Rail Link
China’s Mid-Year Online Sales Festival Marked by Flat Outlook
US ‘Wants Allies to Block Equipment to More China Chipmakers’
Nikkei Recovers, Hang Seng Slips Amid Wait For Fed Comments
Vietnam’s Internet Cables ‘Down’, Days Before Putin Visit

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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