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Latest: Fintech News

Huawei, ZTE Face German 5G Ban Over ‘China Backdoor’ Fears
Huawei, ZTE Face German 5G Ban Over ‘China Backdoor’ Fears

The ban could include components already built into the networks, requiring operators to remove and replace them

Chinese Minister Warns US: ‘Mistaken’ Policies Risk ‘Conflict’
Chinese Minister Warns US: ‘Mistaken’ Policies Risk ‘Conflict’

Anger simmers over threats of more sanctions, with Foreign Minister Qin Gang warning that suppressing China will end in "conflict or confrontation" if the US does not change tack

Foxconn EV Plans Speed Up With US GM Plant, Nissan Exec Hiring
Foxconn EV Plans Speed Up With US GM Plant, Nissan Exec Hiring

The Apple contractor has been carefully building an electric vehicle supply chain including the purchase of an Ohio auto production line

SoftBank’s Arm Hoping to Raise $8 Billion From Mega US IPO
TikTok Row: China Says US Seeks to Curb its Right to Develop
Money Alone Can’t Rescue China’s Chip Sector, Experts Say
$10m Cost for US to Curb Risky Outbound Investment
Chip Giant TSMC to Hire 6,000 Engineers in 2023
US Looking to Ban Some Investment in Adversarial Nations – WSJ
Nvidia’s Plan for Sales to Huawei at Risk if US Extends Curbs

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