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Latest: Fintech News

European Commission Bans TikTok on Staff Phones – BBC
European Commission Bans TikTok on Staff Phones – BBC

The European Commission has ordered its 32,000 staff and employees to remove the TikTok app from their phones and corporate devices to "protect data and increase cybersecurity"

Korean Firms Likely to See Cap on Advanced Chips in China: US
Korean Firms Likely to See Cap on Advanced Chips in China: US

US government is in "deep dialogue" with chipmakers Samsung and SK Hynix, while seeking to impede China's ability "to threaten us collectively", top Senior Commerce official says

High Cost, ‘Unmanageable’ US Staff Plague TSMC in Arizona – NYT
High Cost, ‘Unmanageable’ US Staff Plague TSMC in Arizona – NYT

Some TSMC staff said they were reluctant to move to the US due to “potential culture clashes” and concerns around “difficult to manage” American workers

US May Reveal Intel on Weapons China May Give Russia: WSJ
Baidu Says Ernie Bot Will ‘Revolutionise’ its Search Engine
Host India Doesn’t Want G20 to Discuss Fresh Russia Sanctions
China Clamps Down on Big Tech Offering ChatGPT – Nikkei
China Asks State Firms to Drop Big Four Auditors Over Data Fears
Digital Asset Sector Closely Watching US Stablecoin Crackdown
India and Singapore Launch First Overseas Payments Link

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