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Latest: Fintech News

Chinese Firms Close in on High-End AI Memory Chips Coup
Chinese Firms Close in on High-End AI Memory Chips Coup

The two companies – CXMT and Tongfu Microelectronics – have benefited from local government funding as China pours cash into its chip sector

Huawei Mania Heads Beyond China as it Steps up Marketing Blitz
Huawei Mania Heads Beyond China as it Steps up Marketing Blitz

The smartphone-maker is expanding its reach, after four years of damage from US sanctions, backed by flashy showrooms, premium products and an army of distributors

Project Liberty Forms Group to Bid For TikTok’s Operations in US
Project Liberty Forms Group to Bid For TikTok’s Operations in US

US billionaire Frank McCourt's non-profit says it is working with Guggenheim Securities, Kirkland & Ellis, plus others to migrate TikTok to a digital open-source site

Chinese Firms Seen Shifting Production Abroad to Avoid US Tariffs
China Poised to Wreak Havoc with Major Cyberattack: UK, US
AI Hitting Job Markets Like a ‘Tsunami’, Says IMF Chief
Biden Ramps US Tariffs on Chinese EVs, Metals, PV Cells, Chips
Nuclear Fusion Breakthrough Thanks to ‘Tungsten Wall’ – Quartz
Putin Set to Visit Xi, to Celebrate Deepening Ties With China
US Orders Chinese Crypto Firm to Sell Land Near Missile Base

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