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Latest: Fintech News

US Seen Weighing Ban on Key Exports to China Chipmaker SMIC
US Seen Weighing Ban on Key Exports to China Chipmaker SMIC

Washington is also allegedly considering adding more tech firms to the Commerce department's entity list and to the Treasury list banning US investment

China’s SenseTime Reassessing Its $767m Hong Kong IPO
China’s SenseTime Reassessing Its $767m Hong Kong IPO

Move comes after FT reported the US will put the firm on an investment blacklist on Friday, meaning US investors could not buy shares in the group

US to Blacklist China AI Firm SenseTime over Xinjiang: FT
US to Blacklist China AI Firm SenseTime over Xinjiang: FT

Facial recognition software specialist targeted ahead of $767 million listing for allegedly enabling human rights abuses

Total Unit to Start Trading Renewable Energy in Asia
Better.com Boss Says Sorry Over Zoom Firings
Russian Ransomware Gang Claims Australia Cyberattack
Alibaba Empire Under Threat from Douyin, Pinduoduo
China’s iQiyi Fires Hundreds as Losses Balloon: Caixin
Binance to Acquire 18% Stake in Hg Exchange: Straits Times
Beijing Warns On ‘Disorderly’ Building Of Data Centres

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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