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Latest: Fintech News

ASML’s China Exports ‘Unchanged’ Amid Rising Chip Curbs Worry
ASML’s China Exports ‘Unchanged’ Amid Rising Chip Curbs Worry

China was among the biggest markets in 2022 for Europe's largest technology company, as it beat analyst forecasts to report fourth-quarter net profit of 1.82 billion euros ($2 billion)

80,000 Laid-Off Indian IT Workers Scramble to Stay in US – Mint
80,000 Laid-Off Indian IT Workers Scramble to Stay in US – Mint

Thousands of Indian IT workers in the US who lost their jobs in mass layoffs by tech giants in recent months are hunting new jobs in a desperate bid to say in the country

Indian Billionaire Adani Says He’s Addicted to ChatGPT – CNN
Indian Billionaire Adani Says He’s Addicted to ChatGPT – CNN

The Indian billionaire said the app has astounding capabilities and described it as a "transformational moment in the democratisation" of artificial intelligence

Amazon Launches Air Cargo Service in India as Online Sales Jump
Apple ‘to Raise India Production to 25%’ in Retreat From China
Taiwan Urged to Forge Closer Ties With NATO – Focus Taiwan
India Orders YouTube, Twitter to Cut Links to BBC Report – Wire
China’s AI Programme is a Worry: FBI Chief – Independent
Chip Tech Giant ASML Faces Dutch China Export Curbs Threat
China Chipmaker Hua Hong to Build $6.7bn Wafer Fab – Yicai

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