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Latest: Fintech News


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Applied Materials Chops Revenue Forecasts on China Curbs
Applied Materials Chops Revenue Forecasts on China Curbs

California-based supplier of chipmaking technology says export restrictions will would result in a net sales loss of $250 million to $550m in the current and next quarters.

Crypto exchange Blockchain.com Wins Singapore Licence
Crypto exchange Blockchain.com Wins Singapore Licence

Blockchain.com becomes one of the 18 approved crypto services in Singapore, out of 180 who have applied for a licence since January

TikTok Owner Bytedance Makes New Share Buyback Offer to Staff
TikTok Owner Bytedance Makes New Share Buyback Offer to Staff

Byetdance hopes the move will motivate employees amid slowing growth and uncertainty over a plan to go public, sources said.

Apple, Samsung to Boost Phone Software for India 5G Rollout
South Korea’s SK Hynix Wins Reprieve From US Chip Curbs
Australian Regulators Investigate Optus After Cyberattack
China’s Tech Aims Are a Threat to Us All: UK Spy Chief – ABC
KLA Seen Ending Dealings With China After US Chip Curbs
CCP Asked Elon Musk Not to Sell Starlink in China – The Verge
China Approves Fund Targeting Korean, Local Chipmakers

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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