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Latest: Fintech News

SoftBank Sold $1 Billion Stake in Korea’s Coupang
SoftBank Sold $1 Billion Stake in Korea’s Coupang

Vision Fund sold 50 million Coupang shares for $20.87 each, according to a filing to the US Securities and Exchange Commission dated Friday, leaving it still with 461 million shares

Elon Musk Sees Major Inflation Risks at Tesla, SpaceX
Elon Musk Sees Major Inflation Risks at Tesla, SpaceX

Musk retweeted an article saying the Ukraine-Russia conflict had sent commodity prices to their highest levels since 2008, and said his companies "are not alone"

China’s ZTE Faces Court for Possible US Probation Violation
China’s ZTE Faces Court for Possible US Probation Violation

The Chinese telecom equipment maker is on probation in the US after pleading guilty in Dallas in 2017 to illegally shipping US technology to Iran and North Korea

5G Expands to More Affordable Phones as Chip Prices Fall – WSJ
Robotic Birds Used to Train Birds of Prey for the Wild – The Age
Foxconn to Enlist 100 Japanese Firms in EV Drive – Nikkei
India Tightens Checks on IPO Valuations in Jolt to Startups
China Watchdog Intensifies Scrutiny of Online Content – SCMP
RBI Tells Paytm Payments Bank To Halt Adding Customers: ET
Didi Shares Dip After Report Of HK-Listing Plans Suspension

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