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Latest: Fintech News

Foxconn’s Q2 Profit Jumps on Strong Demand for Its AI Servers
Foxconn’s Q2 Profit Jumps on Strong Demand for Its AI Servers

The world's largest contract electronics maker reports a 27% rise in second-quarter profit, sees significant growth in third quarter as well

US ‘Put Trackers in AI Chip Shipments to Catch Diversions to China’
US ‘Put Trackers in AI Chip Shipments to Catch Diversions to China’

Location trackers are a decades-old investigative tool used by US law enforcement agencies to track products subject to export restrictions

Woes From Myanmar’s Catastrophic Civil War Spilling into Thailand
Woes From Myanmar’s Catastrophic Civil War Spilling into Thailand

Rare earth mines in Myanmar's southern Shan state are poisoning rivers in northern Thailand with toxic chemicals, creating a health crisis for citizens and a Shinawatra government that may be on its last legs

China Pressing Tech Giants To Stop Buying Nvidia’s H20 AI Chips
Trump’s Tariffs Spur Calls to Boycott American Goods in India
China’s Workers Hit by Tariffs as Factories Cut Hours, Pay
Trump Lauds Intel CEO After Meeting Him, Call for Him to Resign
US and China Defer Tariff Surge, Extend Trade Truce For 90 Days
SK Hynix Sees AI Driving 30% Annual Growth in Memory Chips
Political Uncertainty in Japan Clouding Rate Hikes, Budget

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