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Latest: Fintech News

Foxconn Sales Soar as iPhone Contractor Emerges From Covid
Foxconn Sales Soar as iPhone Contractor Emerges From Covid

The Taiwanese firm, which assembles around 70% of Apple’s iPhones, reported record revenue in January of $22 billion

Japan Seen Joining Ban on Chip-Making Tech Exports to China
Japan Seen Joining Ban on Chip-Making Tech Exports to China

Tokyo has reportedly agreed to join the United States and the Netherlands in halting shipments of semiconductor manufacturing equipment

Apple Chief Tim Cook ‘Very Bullish’ on India – Nikkei
Apple Chief Tim Cook ‘Very Bullish’ on India – Nikkei

The iPhone-maker suffered its first drop in revenues since 2019, following Covid-related disruptions at its largest factory in China

Blinken Cancels China Trip as ‘Spy Balloon’ Strains Ties
Paris Club Seen Giving Sri Lanka Support for IMF Bailout
China Needs Tech Self-Reliance to Avoid Being Strangled: Xi – SCMP
India, US Partner on Chips, AI and Arms to Take on China
Huge Debts Limiting Services in Some Chinese Cities – CNN
China Chipmaker YTMC Cuts 10% of Staff After US Curbs – SCMP
TikTok Chief to Talk to US Congress Panel on Security Fears

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