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Latest: Fintech News

US Starts Funding Awards to Ramp up Chip Production at Home
US Starts Funding Awards to Ramp up Chip Production at Home

Commerce Secretary Gina Raimondo makes the first of a dozen funding awards to boost chip production in the US, while urging Nvidia to sell AI chips to China - but not their top models

Xi’s Vietnam Visit Set to See Rail, Tech Cooperation Deals
Xi’s Vietnam Visit Set to See Rail, Tech Cooperation Deals

Improved rail links between the countries could open up the possibility of tie-ups on exploiting Vietnam’s vast rare earths deposits

Huawei To Build First Euro Factory Despite EU Scrutiny
Huawei To Build First Euro Factory Despite EU Scrutiny

The firm are reportedly committed to the factory plan regardless of a number of European bans on the use of 5G equipment made by Huawei and China's ZTE

China Firms Rush to Poach Nvidia Clients With AI Chip Offerings
TikTok Back in Indonesian E-Commerce Via GoTo-Tokopedia Deal
US Puts More Chinese Officials, Firms on Xinjiang Sanctions List
OpenAI Investigating ‘Lazy’ ChatGPT Claims – Independent
Chip Giant Nvidia to Boost Ties With Vietnam Tech Firms
China, Saudi Trade Chiefs Eye Tech, Energy, Project Tie-Ups
Nvidia in Chip Design Tie-Up Talks With Vietnamese Tech, Hanoi

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