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Latest: Fintech News

Foxconn Blames April Sales Slide on Smartphone Slump
Foxconn Blames April Sales Slide on Smartphone Slump

The world's biggest contract electronics maker and iPhone assembler said it expected sales to drop again this quarter after a 12% slip last month

Taiwan Invasion ‘Could Wipe Off up to $1 Trillion Per Year’
Taiwan Invasion ‘Could Wipe Off up to $1 Trillion Per Year’

US intelligence director Avril Haines gave that estimate of global economic impact to the Senate Armed Services panel, noting that Taiwan's TSMC is the world's biggest maker of advanced chips

Apple Bets on India’s Middle Class in Hunt for Future Markets
Apple Bets on India’s Middle Class in Hunt for Future Markets

CEO Tim Cook believes emerging markets, with their younger populations and fewer iPhones, will bring more prospects for growth for Apple

China Orders Check on Auditors to Ensure Data Secrecy – FT
China Says Its First Gene-Edited Soybean is Safe
China’s Top Financial Data Provider, Wind, Cuts Foreign Access
China Cool on ‘Interfering’ NATO’s Plan for an Office in Japan
US Senators Launch 2nd Multi-Pronged China Competition Bill
AI ‘Godfather’ Quits Google, Warns of ‘Risk To Humanity’ – NYT
US Chip Sanctions Have Hardly Impacted China’s AI Capability

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