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Latest: Fintech News

UK’s Largest Chip Plant Staff Want to Keep China Owners – BBC
UK’s Largest Chip Plant Staff Want to Keep China Owners – BBC

A dozen members of staff said they were in "disbelief" at UK ministers ordering China's Nexperia to sell its 86% stake in the plant and travelled to Westminister to protest at the decision

Foxconn Apologises After Protests at Giant China Plant
Foxconn Apologises After Protests at Giant China Plant

Taiwanese tech giant said a "technical error" occurred when hiring new recruits at its huge iPhone factory. The company has now done deals with employees to resolve protests at the plant

Xiaomi Suffers Q3 Revenue Slide as Covid Curbs Hit Demand
Xiaomi Suffers Q3 Revenue Slide as Covid Curbs Hit Demand

The Chinese smartphone maker’s net income fell 59.1% to 2.12 billion yuan over the period from 5.176 billion yuan one year ago

BoJ, Megabanks Team up For Digital Yen Pilot Project
China Plans Big Fines for Tech Firms Abusing Competition Law
China Shows Sign of Easing Video Game Crackdown – CNBC
More Turmoil at Foxconn’s Troubled iPhone Plant in China
JD.com Cuts Exec Salaries Under ‘Common Prosperity’ Pressure
China’s Ant Group Seen Facing $1bn-Plus Fine After Big Revamp
Russian E-Commerce Group Opens Office in China to Lift Sales

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