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Latest: Fintech News

Foxconn EV Plans Speed Up With US GM Plant, Nissan Exec Hiring
Foxconn EV Plans Speed Up With US GM Plant, Nissan Exec Hiring

The Apple contractor has been carefully building an electric vehicle supply chain including the purchase of an Ohio auto production line

SoftBank’s Arm Hoping to Raise $8 Billion From Mega US IPO
SoftBank’s Arm Hoping to Raise $8 Billion From Mega US IPO

SoftBank has reportedly picked Goldman Sachs, JPMorgan Chase, Barclays and Mizuho Financial Group to lead the US listing.

TikTok Row: China Says US Seeks to Curb its Right to Develop
TikTok Row: China Says US Seeks to Curb its Right to Develop

Asked about new US bill to ban some foreign tech such as TikTok, China's spokeswoman said the US was trying to deprive it of developmental rights and perpetuate its own hegemony

Money Alone Can’t Rescue China’s Chip Sector, Experts Say
$10m Cost for US to Curb Risky Outbound Investment
Chip Giant TSMC to Hire 6,000 Engineers in 2023
US Looking to Ban Some Investment in Adversarial Nations – WSJ
Nvidia’s Plan for Sales to Huawei at Risk if US Extends Curbs
AI Stocks Jump on Upbeat C3.ai Forecast, ChatGPT Boom
Chip Executives Replace Pony Ma, Jack Ma at Key China Meet

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