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Latest: Fintech News

TSMC’s Upbeat Outlook Could Spur Return to Trillion-Dollar Cap
TSMC’s Upbeat Outlook Could Spur Return to Trillion-Dollar Cap

TSMC's latest update delights investors and spurs a rally in chip stocks before the start of trading in the US

‘Error’ Sees ASML Lose Crown as Europe’s Most Valued Tech Firm
‘Error’ Sees ASML Lose Crown as Europe’s Most Valued Tech Firm

Dutch chip machine giant suffers major stock slump, which sees SAP become the EU's top tech stock; but analysts say the AI chip boom is still in play

McKinsey Cuts 500 Jobs Amid Revamp of China Business – WSJ
McKinsey Cuts 500 Jobs Amid Revamp of China Business – WSJ

US consultancy is cutting about 500 jobs - a third of its business - to reduce security risks while working in China

Musk Promises Starlink to India After Ambani Challenge Quashed
State-Linked China Group Wants Review of Intel Sales in Country
Tokyo University Scientists ‘Turn Carbon Dioxide Into Green Fuel’
China’s Trade Slows, as Exports and Imports Sink in September
Ambani Plan to Outbid Musk, Seeks Satellite Spectrum Auction
Indonesia Moves to Block China’s Temu to Protect Small Merchants
Trade Tensions With China ‘Hindering Carmakers’ Investments’

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