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Latest: Fintech News

EU Joins Chips Race with $49bn Bid to Rival Asia
EU Joins Chips Race with $49bn Bid to Rival Asia

The production of chips has become a strategic priority in Europe as well as the US, after the shock of the pandemic choked off supply

US Charges Couple Over $4.5bn Hong Kong Crypto Heist
US Charges Couple Over $4.5bn Hong Kong Crypto Heist

Officials seized more than $3.6 billion in cryptocurrency when llya Lichtenstein, 34, and his wife, Heather Morgan, 31, were arrested in New York

Malaysia’s Iimmpact Wins Funding from Sequoia Capital India
Malaysia’s Iimmpact Wins Funding from Sequoia Capital India

The $2 million funding will help Iimmpact allow companies to launch digital payment products such as phone top-ups and vouchers

KKR Pours $180m into Livspace Asia Renovation Platform
Australia’s CBA Announces 26% Profit Rise, Share Buyback
China Reports Rise in Non-Cash Payments – Xinhua
PayPal Halt to Hit Thais in Tough Market – Bangkok Post
Tesla Cut Steering Part in Some Cars to Tackle Chip Shortage
Singapore Central Bank Hits DBS with Extra Capital Requirement
SoftBank Profit Plunges as Deal to Sell Arm Collapses

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