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Latest: Fintech News

Alibaba Lures Bargain Hunters Amid Gloom, Sees Revenue Lift
Alibaba Lures Bargain Hunters Amid Gloom, Sees Revenue Lift

The Chinese e-commerce outfit recorded first-quarter revenue of $32.29 billion despite fears growing for the country’s stuttering recovery

TSMC US Plant Hit With Taiwanese Workers Ban Call – 9to5Mac
TSMC US Plant Hit With Taiwanese Workers Ban Call – 9to5Mac

US unions have called on lawmakers not to grant visas to Taiwanese workers TSMC wants to bring in to get their Arizona plant back on track

China ‘Strongly Dissatisfied’ at US Ban on Tech Investment
China ‘Strongly Dissatisfied’ at US Ban on Tech Investment

Beijing "resolutely opposes" the US restrictions, after the Biden administration explains the 'narrow subsets' of its move and likely outcomes for various sectors in 2024, when the new rules will start

Chinese Tech Giants Rush to Buy Nvidia’s Top AI Chips – FT
China Accused of Using Licensing Ploy to Access German Tech
UOB to Cut Ties With Myanmar Banks on Sept 1 – Nikkei
China to Tighten Facial Recognition Tech Use Rules – SCMP
Philippines-China Row Over Grounded Warship Heats Up
China App Filings Demand Dubbed a ‘Ministry Approval Process’
US Set to Outline Ban on Sensitive Tech Investment in China

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