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Latest: Fintech News

China’s First US-Style IPO Shares Soar in Market Defying Debuts
China’s First US-Style IPO Shares Soar in Market Defying Debuts

Firms debuted at cheap prices, and jumped under new listing scheme; Shenzhen CECport Technologies, an electronic components distributor, opened 161% higher and surged 239%

TSMC Seeks Clarity From US Amid Chips Act Subsidy Concerns
TSMC Seeks Clarity From US Amid Chips Act Subsidy Concerns

Industry sources say TSMC and other chipmakers fear the US Chips Act subsidy process could expose confidential corporate strategy

China Telecoms to Fund ‘Rival’ $500m Undersea Cable to Asia
China Telecoms to Fund ‘Rival’ $500m Undersea Cable to Asia

The Europe-Middle East-Asia (EMA) cable project is part of the growing tech war with the United States, and aims to create a Chinese link that rivals a similar US-backed project

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
US Speaker Meets Taiwan’s Tsai, Keen to Boost Arms Support
Taiwan’s Foxconn Posts Revenue Rise But Warns on Outlook
Twitter Blocks Accounts of Over 100 ‘Modi Critics’ – Guardian
EU Leaders Back in China, Eyeing Business and Ukraine

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