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Latest: Fintech News

Key Chip Supplier ASML Says No Hit From US China Sanctions
Key Chip Supplier ASML Says No Hit From US China Sanctions

ASML reports better-than-expected third quarter sales, says group is unable to keep up with demand, with orders of more than $29.4 billion from Asia and the US's biggest chipmakers

Cisco Gear Sent to Russia via China, Other States – MarketWatch
Cisco Gear Sent to Russia via China, Other States – MarketWatch

About 500 shipments of Cisco Systems gear arrived in Russia in August, months after the US networking giant halting operations in the country, a leaked Customs document suggests

Australia, Singapore Agree New ‘Green Economy’ Deal
Australia, Singapore Agree New ‘Green Economy’ Deal

"It will support our transition to net zero emissions as well as create jobs in green sectors," Singapore Prime Minister Lee Hsien Loong said

Xi’s Focus on Tech Points to ‘Rejig of China’s Chip Strategy’
Xi Puts Tech First in China’s Development Goals – SCMP
US Tech Boosted China’s Hypersonic Missile Projects – WaPo
Kakao Shares Slump After Service Blackout Erodes Trust
Apple Defers Plan to Use China’s YMTC Chips – Nikkei
Taiwan Expects $940 Million of New Chip Investment from US
ASML and Lam Research Pull US Engineers Out in China – SCMP

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