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Latest: Fintech News

China to Drive Development of AI, Robots to Boost Growth – SCMP
China to Drive Development of AI, Robots to Boost Growth – SCMP

China is changing its approach to AI amid a slowdown and debt crisis in its real estate sector — which has accounted for nearly a quarter of the country’s economic output

Foxconn Says $25bn China Tax Payment ‘Rumour’ Hurt Reputation
Foxconn Says $25bn China Tax Payment ‘Rumour’ Hurt Reputation

Rumours on multi-platform social media channels also claimed about 20,000 football fields it owns would be taken back by Beijing, the iPhone supplier alleged

Many Crypto Court Battles Queued up Behind Bankman-Fried
Many Crypto Court Battles Queued up Behind Bankman-Fried

Regulators like the SEC and Commodity Futures Trading Commission have targeted the crypto sector amid concerns of rampant fraud, and use of digital assets for money laundering and funding of terrorism

China Worries Loom as Global Finance Chiefs Meet in Hong Kong
US And China Set to Hold Nuclear Arms Control Talks – WSJ
Dramatic Turnaround in China’s Attitude to US Chipmaker Micron
Dutch Eye Vietnam Chip ‘Ecosystem’ Amid China Tensions
US Lawmakers’ Curbs Call on China’s Open Source Chip Tech Use
China Joins US, EU in Vow to Tackle ‘Catastrophic’ AI Harm Risk
Suspicion And Mistrust Continuing to Shadow TikTok

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