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Latest: Fintech News

Foxconn Sees Slow Quarter As Smartphone Demand Declines
Foxconn Sees Slow Quarter As Smartphone Demand Declines

The Taiwanese electronics maker forecast flat revenue growth for the quarter ending in September amid concerns over the impact of inflation and a potential recession on gadget demand. 

Metaverse Land is `Dumbest’ Buy Ever, Mark Cuban Says – Insider
Metaverse Land is `Dumbest’ Buy Ever, Mark Cuban Says – Insider

Cuban dismissed the metaverse, saying ''right now it's more talk than anything,'' Business Insider reported. 

China’s Lenovo Sees Worst Quarterly Sales Since Early 2020
China’s Lenovo Sees Worst Quarterly Sales Since Early 2020

Covid lockdowns in China and soft demand hit the computer giant, which reported flat revenue for the June quarter – its worst result in nine quarters.

China’s Far East Accused of Helping ZTE Break US Export Rules
Bitcoin Rise Shows Crypto Has Hit Floor – Business Insider
Singapore Crypto Lender Hodlnaut Freezes Withdrawals
Apple Tells Taiwan Suppliers To Meet China Label Standards
Baidu Gets China’s First Permits for Driverless Robotaxis
Alibaba Shed 9,200 Employees in June Quarter – SCMP
China Chip Fund Head Investigated for Corruption

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