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Latest: Fintech News

China’s Potential Chip Stars Hit by Latest US Bans – FT
China’s Potential Chip Stars Hit by Latest US Bans – FT

The US move to blacklist dozens of Chinese (and Russian) companies last week has had a significant impact on some of the firms named

Foreign Inflows Seen Extending India’s Post-Covid Boom
Foreign Inflows Seen Extending India’s Post-Covid Boom

India looks set to be the economic standout in the year ahead, with the central bank forecasting 6% growth for the next fiscal year starting in March.

Xiaomi Lays Off 10% of Staff Amid China Covid Crisis
Xiaomi Lays Off 10% of Staff Amid China Covid Crisis

Smartphone giant is the latest tech firm to lay off workers, as sales and revenue have taken a hit in recent months as China battled Covid outbreaks

Tesla Buyers Bailing Because of Musk, the ‘Troll’ – CNET
US to Ban Use of TikTok App on Government Devices
Taiwan Probes TikTok For ‘Illegal Commercial’ Activity
Japanese Chipmaker Renesas Stops Work at Factory in Beijing
Taiwan Exports to Shrink, Signal Worsening Global Tech Demand
Hong Kong Threatens to Boycott Google Over Anthem Row – SCMP
Taiwan to Fine Foxconn After Unauthorised Chinese Investment

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