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Latest: Fintech News

Sony Blames Easing Covid Curbs For Profit Forecast Drop
Sony Blames Easing Covid Curbs For Profit Forecast Drop

The PlayStation maker said an end to Covid restrictions, a shortage of appealing new titles and supply chain snarls will hit revenues

US, Japan Chips Alliance Aims to Thwart China Ambitions
US, Japan Chips Alliance Aims to Thwart China Ambitions

The world’s first and third-largest economies say China’s “coercive and retaliatory economic practices” and the war in Ukraine spurred them to team up

China Says US Chip Act Will Harm Supply Chain, Global Trade
China Says US Chip Act Will Harm Supply Chain, Global Trade

US lawmakers have approved legislation to subsidise its domestic semiconductor industry to help it compete with China and Taiwan

China Delivery Firm Missfresh in Shock Shutdown – SCMP
China’s New Oriental Education Shares Touch Year-Long High
Crypto Crash Claims Asia-Focused Exchange Zipmex
Japan Chipmaker Denso Reports 41% Profit Decline for Quarter
Companies to Cut Back Asia Capex as Recession Looms
India Blocks Korean Game Amid Concern on China Data-Sharing
China, North Korea Among Suspects in US Courts Data Breach

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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