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Latest: Fintech News

Unveiling of ‘Team Xi’ Spurs Hong Kong Stock, Yuan Plunge
Unveiling of ‘Team Xi’ Spurs Hong Kong Stock, Yuan Plunge

Hong Kong stock index falls over 6% to levels last seen in the 2008 crisis, with shares of Alibaba and Tencent down 10% and 8% on fears economic growth will be sacrificed for ideological policies

US Chip Curbs May Have Big Impacts on US Firms – Yahoo
US Chip Curbs May Have Big Impacts on US Firms – Yahoo

US chip equipment makers could lose market share and revenue to competitors in countries like Japan and South Korea, if firms find a workaround for the latest curbs, one analyst said

Toyota Set to Cut Production Target Over Chips Shortage
Toyota Set to Cut Production Target Over Chips Shortage

Toyota has already slashed its global production target for the last financial year three times, from 9.3 million in May 2021 to 8.5 million this February

China iPhone Production ‘Normal’ Despite Covid Curbs: Foxconn
China Says It’s One of The World’s Safest Countries – GT
Hackers Claim to Have Access to Data at Australia’s Medibank
China Tensions Creating Serious Tests for Chip Industry: TSMC
Kakao Co-CEO Resigns After Public Fury Over Service Outage
Russian Electronics Firms Hit by ‘Dud Chips’ from China – Register
The E-Rupee: India Plans Its Own Digital Currency – Nikkei

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