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Latest: Fintech News

Report Explains How China Got Round US’s Initial Chip Curbs
Report Explains How China Got Round US’s Initial Chip Curbs

Beijing bought $14-billion worth of chipmaking equipment from the Netherlands and other countries this year, before they imposed bans to compliment the US-led effort

China Plans New Checks For Auditors, Accounting Firms
China Plans New Checks For Auditors, Accounting Firms

If approved, the new measures will apply specifically to auditors that have been hired by domestic firms or are conducting cross-border work

Kishida-Xi Talks May Touch on Arrests Killing Bilateral Business
Kishida-Xi Talks May Touch on Arrests Killing Bilateral Business

The arrest of a prominent Japanese executive in China has caused a chill in dealings; Japanese investment has plunged this year and many Japanese are too scared to even work in the country

China’s Top Bank Paid Ransom After Cyber Attack, Gang Says
Japan Pledges $13bn to Boost Chip Sector Leadership Bid
China’s Didi Posts Quarterly Profit as Comeback Continues
India Pondering EV Tariff Cuts to Tempt Tesla – FT
China’s Focus on High-Tech Manufacturing Spurs Trade Fears
Biden Keen to Resume Military Ties With China to Avoid Flare-ups
Chinese Chipmaker Sues Micron For Alleged Patent Infringements

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