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Latest: Fintech News

Chinese Chip Makers Push Ahead With Expansion – SCMP
Chinese Chip Makers Push Ahead With Expansion – SCMP

Semiconductor Manufacturing International Corporation said its capital expenditure in 2022 will be about US$5 billion

India Seen Sealing Controversial Russia Trade Deal
India Seen Sealing Controversial Russia Trade Deal

India and Russia have finalised a rupee-rouble payment mechanism to get around western sanctions because of the war in Ukraine, according to industry sources.

China Tech Firms Call Layoffs ‘Graduations’ – Insider
China Tech Firms Call Layoffs ‘Graduations’ – Insider

Social media users shared a cheery note from JD.com titled "graduation notice" from the firm's human resources department

US SEC Flags Crypto, ESG as Top Monitoring Priorities
Indonesia’s GoTo Sets $1.1bn IPO Fundraising Target
Japan Moves to Secure Vital Materials Over War Shortages
Chubb Buys Dual’s Regional Assets – Insurance Business Asia
Pakistan Hopes to Widen Retail Investor Base – Dawn
Axis Bank to Buy Citigroup India Assets for $1.6bn – Mint
US Sanctions Slowly ‘Strangling’ Huawei – Light Reading

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