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Latest: Fintech News

White House Opens TikTok Account Amid Push For US Takeover
White House Opens TikTok Account Amid Push For US Takeover

Trump is back on TikTok, via an account set up by his PR team, despite no deal with Beijing yet on selling the video-sharing app's US operations

China Lays Down Law to Solar Panel Makers: End Overproduction
China Lays Down Law to Solar Panel Makers: End Overproduction

Beijing has been pressing the solar sector to cut 'outdated production capacity' after companies lost about $40 billion last year

SoftBank, Intel ‘Had Talks on Chip Unit Before $2bn Stock Deal’
SoftBank, Intel ‘Had Talks on Chip Unit Before $2bn Stock Deal’

Billionaire Masayoshi Son backs his long-time ally Lip-Bu Tan, now Intel CEO, with $2bn share investment amid push for huge data centre venture with OpenAI in the US

Altman Agrees the AI Market is a ‘Bubble’ That Could Soon Burst
Foxconn, SoftBank Focus on Data Centre Gear in Ohio for Stargate
China’s Factory Growth, Retail Sales, Bank Lending Slowed in July
Bridgewater Sells All US-Listed China Stocks in US in 2nd Quarter
India Wants US Ties With Mutual Respect, Says Arms Deals Still on
Foxconn’s Q2 Profit Jumps on Strong Demand for Its AI Servers
US ‘Put Trackers in AI Chip Shipments to Catch Diversions to China’

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