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Latest: Fintech News

Chip Stocks Plunge and Drag Asian Markets Lower
Chip Stocks Plunge and Drag Asian Markets Lower

Hong Kong's Hang Seng Index tumbled 2.7%, with its tech stocks slipping more than 5%. Mainland Chinese shares also declined, with blue chips falling 1.2%.

Asia Hedge Funds Dump JD.Com Stakes for Rival Pinduoduo
Asia Hedge Funds Dump JD.Com Stakes for Rival Pinduoduo

Analysts think the switch is down to a view that Pinduoduo's global ambitions and cheaper products give it an edge over JD.com's domestic business

Micron Begins Production of High-Capacity Chip in Japan
Micron Begins Production of High-Capacity Chip in Japan

The US tech firm’s most advanced chip yet can store a third more data than older memory chips

China Urging Retired Soldiers to Help Foxconn iPhone Plant
US Regulators Seen Getting Good Access to Chinese Firms’ Books
Tencent to Share $20bn Meituan Stake As Dividend Amid Job Cuts
ASML Plans $181 Million Chip Centre in South Korea – Nikkei
TikTok App Could Control US Users’ Devices, FBI Chief Says
Taiwan Slams ‘Rumours’ on Risks in Investing in its Chips
China Automaker BYD Pulls Plug on Semiconductor Unit IPO

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