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Latest: Fintech News

China’s Xi to Meet US Business Chiefs Amid Chip Tensions
China’s Xi to Meet US Business Chiefs Amid Chip Tensions

Sources say the meeting was deliberately scheduled separately from the China Development Forum held this week, where an event between Premier Li Qiang and visiting foreign CEOs was axed

China Scientists Unveil Breakthrough Low-Powered AI Chip – SCMP
China Scientists Unveil Breakthrough Low-Powered AI Chip – SCMP

The team presented the groundbreaking chips at the biggest integrated circuit industry event of the year

China Says Hacking Claims by US and UK is ‘Political Slander’
China Says Hacking Claims by US and UK is ‘Political Slander’

Beijing on Tuesday accused the US and Britain of slandering and smearing China and urged them to stop politicising cybersecurity, and imposing unilateral sanctions on the country

China’s Retaliatory Bans Could Cost US Tech Giants Billions
CATL in Talks With Tesla on Battery Tech Licence in US: WSJ
SK Hynix Plans $90-Billion 4-Fab Chip Cluster – TH
Foreign Firms Will be Treated Same as Locals, China Tells Forum
China Bans Government Computers From Using Intel, AMD Chips: FT
China’s Didi Posts Profit Turnaround, Despite App Glitch Payout
China Relaxes Data Export Rules Amid Foreign Firms’ Concern

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