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Latest: Fintech News

China Ramps Up AI Push, Eyes $1.4tn Industry By 2030 – Xinhua
China Ramps Up AI Push, Eyes $1.4tn Industry By 2030  – Xinhua

Beijing’s drive to catch up with the US in artificial intelligence has seen its cities and regions join the charge

China Central Bank Announces $70 Billion Loans For Tech Sector
China Central Bank Announces $70 Billion Loans For Tech Sector

Chinese policymakers have doubled down on Xi Jinping's new mantra of unleashing "new productive forces” and stepped up investment in cutting-edge technology

Dutch May Give in to US Push Against Servicing China Chip Tools
Dutch May Give in to US Push Against Servicing China Chip Tools

From China's strategic alliance with Russia to chip equipment giant ASML's plans to move operations abroad — the Mark Rutte government will have a lot to consider as it makes a decision

Google, Microsoft, Intel to Study AI-Related Job Losses – WaPo
Huawei Faces Trial in US for Iran Dealings, Trade Secrets
US Wants ASML to ‘Cut Servicing to Some Chinese Chipmakers’
TSMC Restarts Taiwan Fabs After Earthquake Shutdowns
Samsung Poised For Nine-Fold Profit Jump Thanks to Chip Rebound
Microsoft Programmer Thwarted Global Cyberattack – NYT
Tesla Searching For $2-3 Billion India EV Factory Site: FT

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