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Latest: Fintech News

China Warns Dutch of ‘Consequences’ to Chip Tech Ban – SCMP
China Warns Dutch of ‘Consequences’ to Chip Tech Ban – SCMP

Tan Jian, the Chinese ambassador to the Netherlands, says export restrictions on Dutch chip technology will not be ‘just swallowed’

South Korea Says New US Rules Won’t Shut Its China Chip Plants
South Korea Says New US Rules Won’t Shut Its China Chip Plants

Seoul reacts to proposed new limits for recipients of US chip manufacturing and research funding that includes restrictions on investments related to expansion in China and Russia

India Approves $968 Million Investment From Foxconn Unit
India Approves $968 Million Investment From Foxconn Unit

Earlier this month, Foxconn said it was seeking cooperation in India in new areas like chips and electric vehicles after a visit to the country by its chairman

TikTok CEO to Tell US Lawmakers: ‘We’ve Never Shared Data’
Nvidia Tweaks Another Flagship AI Chip for Export to China
China to Ease Subsidy Access for Chipmakers Amid US Chip War
Top US Fund Manager Vanguard to Shut China Office, Quit Ant JV
Pinduoduo Owner’s Revenue Off-Target as Spending Fall Bites
‘Let’s Change the Subject’: Baidu’s Ernie Ducks Queries on Xi
Huawei Replaces 13,000 US-Banned Parts as it Fights Back

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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