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Latest: Fintech News

Bankrupt Crypto Exchange FTX Could Have 1 Million Creditors
Bankrupt Crypto Exchange FTX Could Have 1 Million Creditors

FTX founder and former chief executive Sam Bankman-Fried, said he expanded his business too fast and failed to notice signs of trouble at the exchange

Warren Buffett’s Berkshire Reveals $4bn Stake in TSMC
Warren Buffett’s Berkshire Reveals $4bn Stake in TSMC

TSMC shares jumped after Berkshire Hathaway disclosed in a filing that it owns about 60.1 million American depositary shares of the Taiwanese chipmaker

India Smartphone Market Falls 10% As Prices Shoot up
India Smartphone Market Falls 10% As Prices Shoot up

The average selling price jumped 15% year-over-year, and 6% from the previous quarter, to a record $226, market research firm IDC said

Binance CEO Calls for Clearer Rules to Stabilise ‘Crazy’ Sector
TikTok Doubles Ad Revenue As Western Platforms Decline – NYT
FTX Hit by ‘Rogue’ $515m Crypto Outflows After Collapse
$1.7 Billion of Clients’ Funds ‘Missing’ After FTX Collapse
China Chipmaker SMIC Predicts Weak Demand in 2023 – SCMP
iPhone Maker Foxconn Set to Quadruple India Plant Workforce
Germany Blocks Chip Firm Sale Due to Security Concerns

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