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Latest: Fintech News

TSMC Predicts $60m Hit From Taiwan’s Biggest Quake in 25 Years
TSMC Predicts $60m Hit From Taiwan’s Biggest Quake in 25 Years

The world's top chipmaker said impacts from the quake could hit its Q2 earnings, but the costs could be much higher if other firms' plants were affected

China’s Solar Sector Seen Facing Years of Oversupply, Low Prices
China’s Solar Sector Seen Facing Years of Oversupply, Low Prices

China's huge solar sector faces consolidation this year but its top players are likely to survive, while prices stay low because of massive oversupply for the global market

Japan Approves $3.9bn of Cash Backing For Chipmaker Rapidus
Japan Approves $3.9bn of Cash Backing For Chipmaker Rapidus

Japan has already handed over subsidies worth about $2.18 billion to the chip firm, which is backed by NEC, SoftBank, Sony and Toyota, among others

Xiaomi’s EV Launch Sees Its Market Value Overtake GM, Ford
UN Urges Global Effort to Counter Waste Trafficking to Asia
TikTok Ban Would be Hypocrisy, Apple Co-founder Says – CNN
Job Cuts Loom at China’s SAIC, Plus JVs with GM, VW
Foreign Orders Lift China’s Manufacturing Again in March: Caixin
PAG in 60% Buyout of Wanda Mall Unit in China for $8.3 Billion
US Releases Detailed Rules For Export Curbs on AI Chips to China

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