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Latest: Fintech News

China Chip Maker’s Profit Soars as Revenue Hits a Record
China Chip Maker’s Profit Soars as Revenue Hits a Record

Sales for 2021 were up 39% at a record $5.4 billion, propelled by a global shortage of chips and strong demand.

Elon Musk’s Tesla Buffeted by Recalls, Lawsuits
Elon Musk’s Tesla Buffeted by Recalls, Lawsuits

The carmaker faces scrutiny from regulators who have accused it of pushing safety limits and discrimination against African-Americans and women

Nissan Raises Net Profit Forecast Amid Chip Crunch
Nissan Raises Net Profit Forecast Amid Chip Crunch

The Japanese car giant's earnings have been boosted by a weaker yen, but the semiconductor shortage has hit its production figures

China – and Huawei – Top Global Patent Application Rankings
Meta in Transition, Says Ad Chief – The Information
Xpeng Announces Plans to Expand into Sweden, Netherlands
Tulips Worth More Than Crypto, RBI Chief Warns Indians
US Crypto Group Sues IRS Over Clarity on Staking Taxes
Global Regulators Fast-Track Cryptoassets Framework
China’s Cyber Watchdog Spells Out ‘Healthy’ Strategies to Tech Giants

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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