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Latest: Fintech News

Stocks Hold Their Ground on Most Asian Markets
Stocks Hold Their Ground on Most Asian Markets

The Kospi in Korea, the ASX 200 in Australia and the Nikkei in Japan all rose more than 1%; Hong Kong was also up, while Shanghai edged down slightly after more negative data on Tuesday

Beijing Unveils Sweeping Laws to Regulate ChatGPT-Like AI Tech
Beijing Unveils Sweeping Laws to Regulate ChatGPT-Like AI Tech

Companies that fall foul of the new rules, likely to come into effect sometime this year, could have their services suspended, face fines or even face a criminal investigation

Tesla Facing US Lawsuit Over Alleged Privacy Intrusion
Tesla Facing US Lawsuit Over Alleged Privacy Intrusion

The lawsuit, lodged at a California court, came after a report that Tesla employees shared videos and images recorded by customers' car cameras between 2019 and 2022

Baidu Sues Apple, App Developers Over Ernie Bot Imposters
China’s First US-Style IPO Shares Soar in Market Defying Debuts
TSMC Seeks Clarity From US Amid Chips Act Subsidy Concerns
China Telecoms to Fund ‘Rival’ $500m Undersea Cable to Asia
China Stages Military Drills Around Taiwan Over Tsai’s US Trip
Tesla Workers Shared Images Recorded by Customers’ Cars
‘Hello Mumbai’: Apple Reveals Look of First India Retail Store

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