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Latest: Fintech News

China’s Xi Puts a Positive Spin on Talks With Blinken
China’s Xi Puts a Positive Spin on Talks With Blinken

Chinese president hails agreement on issues with top US diplomat, but talks did not appear to make much progress on differences over Taiwan, trade, rights, fentanyl or war in Ukraine

Taiwan Asks EU to Deepen Ties if it Wants TSMC Chip Investments
Taiwan Asks EU to Deepen Ties if it Wants TSMC Chip Investments

The island's foreign minister said his government would not block investment in Europe, but the continent needed to "consider a broader picture" and think on Taiwan's 'situation'

China Open to Using US AI Tech, Xi Jinping tells Bill Gates
China Open to Using US AI Tech, Xi Jinping tells Bill Gates

Xi has previously said China needs to seize opportunities to use AI to drive economic development, but has also cautioned about its risks

Sanctioned Russia Pays Sakhalin Oil Dividends in Yuan – Nikkei
Micron to Pour $602m in China to Show ‘Unwavering Commitment’
China Warning on ‘Vicious Competition’ As Blinken Flies to Beijing
Canadian AIIB Exec ‘Fled’ China After Quitting Over CCP Meddling
Pics of Dejected Chinese Graduates go Viral – Guardian
TikTok to Spend Billions in Southeast Asia, Focus on E-Commerce
Trouble in Chinese Factories, Industrial Unrest at 7-Year High

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