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Latest: Fintech News

Taiwan Sees Balance in Auto Chip Supplies by Fourth Quarter
Taiwan Sees Balance in Auto Chip Supplies by Fourth Quarter

Taiwan responded to US senators urging it to help address the global shortage of auto chips by saying it would do its part

Musk Says Tesla Likely to Launch Humanoid Robot Prototype Next Year
Musk Says Tesla Likely to Launch Humanoid Robot Prototype Next Year

Tesla boss Elon Musk says a 'Tesla bot' that can do a range of work will be ready in 2022, but that claim has already been damned as 'hype' by a sceptical US professor

Chinese AI Startup, Blacklisted by US, to File for Hong Kong IPO
Chinese AI Startup, Blacklisted by US, to File for Hong Kong IPO

SenseTime is expected to file for $1-billion IPO, two years after it was placed on a US blacklist for alleged involvement in human rights abuses in Xinjiang

Toyota to Slash September Production as Chip Shortage Bites – Nikkei
China To Set Up State Entities Focused on New Strategic Sectors
From E-Commerce to Education, China’s Season of Regulatory Crackdown
Japan Sees Peril in US Chip Hub Plan to Counter China
Huawei Chief Vows to Retake Smartphone Throne Despite US Sanctions
Vodafone Idea Reports Worst Quarterly Revenue Since 2019 – BS
SoftBank Expects Bumper Gains from Indian Tech Startups: BS

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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