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Latest: Fintech News

Huawei Unveils Tech ‘to Boost China’s AI Computing Power’
Huawei Unveils Tech ‘to Boost China’s AI Computing Power’

The US sanctions-hit tech giant said it aims to help clients build and train their artificial intelligence (AI) models with its homegrown processors and framework

China Says Regret ‘Unexpected Incidents’ as Yellen Urges Dialogue
China Says Regret ‘Unexpected Incidents’ as Yellen Urges Dialogue

China’s economic czar He Lifeng made the comments in a meeting with Janet Yellen, which saw the US treasury secretary double down on chip sanctions, while also urging 'direct' communication

In Surprise Share Buyback, Ant Values Firm 75% Below IPO
In Surprise Share Buyback, Ant Values Firm 75% Below IPO

The announcement came a day after the group was fined $984 million in what is likely to be the end of a years-long regulatory crackdown on the once storied Chinese company

Chip Arm Losses Tank Samsung’s Second-Quarter Profits by 96%
Amid Tense Ties, US Begins Fresh China Audit Inspections
Yellen Urges Reforms, Hits at China’s ‘Unfair’ Actions on US Firms
China’s Ant Group Facing $1.1bn Fine, to End PBOC Revamp
Beijing Chip Metal Export Curbs Seen Sparking Supply Glut
China Metal Curbs, Rare Earths Risks Fuel Hunt For Safe Sources
Security Concerns Seen Undermining Yellen’s China Visit

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