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Latest: Fintech News

Chinese Exchange Hits Evergrande Unit, Bosses With Sanctions
Chinese Exchange Hits Evergrande Unit, Bosses With Sanctions

Shenzhen Stock Exchange imposed bans on Hengda Real Estate and founder Hui Ka Yan, plus other senior executives late last month, liquidators said on Tuesday

US Sets New Rules to Block China, Rivals’ Access to US Data
US Sets New Rules to Block China, Rivals’ Access to US Data

Justice Dept rules would ban the relay of data on government personnel and put limits on business transactions if data was likely to end in "countries of concern"

99% of Players in AI ‘Bubble’ Will go Bust: Baidu CEO – Register
99% of Players in AI ‘Bubble’ Will go Bust: Baidu CEO – Register

Most companies in the AI sector will likely collapse once the 'bubble' bursts, Baidu CEO Robin Li has predicted

Cyberattack on The World’s Largest Internet Archive – WaPo
TSMC Says It Obeys Export Controls as US Probes Links to Huawei
Toyota Displays Hydrogen Fuel Cartridges for EVs, Homes
TSMC’s Upbeat Outlook Could Spur Return to Trillion-Dollar Cap
‘Error’ Sees ASML Lose Crown as Europe’s Most Valued Tech Firm
McKinsey Cuts 500 Jobs Amid Revamp of China Business – WSJ
Musk Promises Starlink to India After Ambani Challenge Quashed

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