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Latest: Fintech News

China Orders Alibaba And Tencent To Open Up Platforms To Each Other
China Orders Alibaba And Tencent To Open Up Platforms To Each Other

Beijing threatened ‘other measures’ will be used if the tech giants don’t share links to their rival’s sites after they were summoned by industry officials along with ByteDance, Baidu, Huawei and Xiaomi

Apple Takes App Payment Hit In Epic Court Fight But Hails Antitrust ‘Win’
Apple Takes App Payment Hit In Epic Court Fight But Hails Antitrust ‘Win’

The tech giant will no longer be allowed to force developers to use its tightly-controlled sales tool – however the judge dismissed a claim it was an ‘illegal monopoly’

Chips Crisis Forces Reliance And Google To Delay India Smartphone Launch
Chips Crisis Forces Reliance And Google To Delay India Smartphone Launch

The budget JioPhone Next had been due to hit the shops this week but the worldwide semiconductor shortage has pushed back its release to November

Apple Rebuffs Epic Bid To Restore Fortnite Developer Account in South Korea
PayPal’s $2.7bn Paidy Purchase Puts It In Pole Position In Japan
Texas City To Offer Samsung Big Tax Breaks To Build $17bn Chip Plant
JD.com Says Founder Liu To Step Away From Day-To-Day Operations
Ericsson Vow to Win Back China Market Share as 5G Row Rumbles On
Tokyo May Back Western Digital-Kioxia Deal If Key Tech Stays in Japan
China’s SMIC To Pump $8.87 Billion Into New Shanghai Chip Plant

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