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Latest: Fintech News

IM Motors Raises $1.1bn in Major China EV Brand Deal
IM Motors Raises $1.1bn in Major China EV Brand Deal

Premium electric vehicle brand IM Motors has raised more than 8 billion yuan ($1.1 billion) in its Series B round of equity financing. The money will be used on 'smart car' models and technologies

Politics, Protectionism Seen Spurring Biden’s China EVs Probe
Politics, Protectionism Seen Spurring Biden’s China EVs Probe

US president has strong political motives for ordering a US review of the security risks presented by Chinese vehicles, analysts say

China’s AI ‘Supermind’ to Track World’s Top Scientists – Newsweek
China’s AI ‘Supermind’ to Track World’s Top Scientists – Newsweek

The state-funded platform called 'Supermind', at a information centre in Shenzhen, aims to be a database on key facets of science and technology, plus experts in the most significant fields

Renewable Energy Costs Undercut Coal-Sourced Power – elektrek
China’s Congress Seen Targeting Economic Stability, 5% Growth
India Gives Go-Ahead to $15.2 Billion Triple Chip Plants Plan
Biden Orders Probe Into Data Security Risks From Chinese EVs
US to Block Personal Data Sales to China, Russia – engadget
SpaceX’s Talks With Vietnam Over Starlink Internet Hit a Snag
China Premier Li Urges US to U-Turn on Decoupling Push

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