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Latest: Fintech News

Chinese Biotech Stocks Plunge Again on Call for Sanctions Review
Chinese Biotech Stocks Plunge Again on Call for Sanctions Review

Shares of WuXi Biologics and its affiliate WuXi AppTec plunged again on Wednesday after US lawmakers called for a probe on whether they should face sanctions

China’s BYD in Talks on Mexico Factory for Exports to US – Nikkei
China’s BYD in Talks on Mexico Factory for Exports to US – Nikkei

Chinese carmaker is doing a study on building a factory in Mexico, which would export cheap EVs to the US; other plants are also opening or planned in Thailand, Hungary and Brazil

Deepfake of Dead Indonesian Leader Used in Vote Appeal – CNN
Deepfake of Dead Indonesian Leader Used in Vote Appeal – CNN

A senior Golkar party official said they used the image of the dictator Suharto, who died 15 years ago, to ensure Indonesians vote in the national election on Wednesday

India’s High Taxes Will Crush Export Goals, Tech Ministry Warns
EU Looking to Sanction Chinese, India, HK Firms Over Russia Ties
Energy Veteran Named Envoy For India-Middle East Corridor to EU
Every Country Must Set up AI Infrastructure, Nvidia’s Huang Says
Altman’s AI Chips Plan Could Cost Trillions, Not Billions – WSJ
India’s Close Scrutiny of China Firms Worries Suppliers: Xiaomi
Israel’s Tower Proposes $8bn Chip Plant in India – Express

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