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Latest: Fintech News


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India Hits Google With $113m Fine Over Payments Breaches
India Hits Google With $113m Fine Over Payments Breaches

Alphabet Inc’s Google was landed with second antitrust penalty this month, accused of abusing its market position

US Charges Chinese Citizens With Spying in Huawei Probe – ST
US Charges Chinese Citizens With Spying in Huawei Probe – ST

The Chinese officials, Zheng Wang and Guochun He, allegedly attempted to bribe a US official to access details of a Huawei investigation

China Sees Smart Glasses Popularity Rise – Pandaily
China Sees Smart Glasses Popularity Rise – Pandaily

The likes of Rokid, Thunderbird Innovation and Nreal have all released new smart-glasses products this year, Pandaily said

China’s Communist Party Puts Scientists Into Top Roles – SCMP
China’s YMTC Asks US Staff to Leave After US Chip Curbs – FT
Unveiling of ‘Team Xi’ Spurs Hong Kong Stock, Yuan Plunge
US Chip Curbs May Have Big Impacts on US Firms – Yahoo
Toyota Set to Cut Production Target Over Chips Shortage
China iPhone Production ‘Normal’ Despite Covid Curbs: Foxconn
China Says It’s One of The World’s Safest Countries – GT

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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