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Latest: Fintech News

Germany Opposes EU Tariffs on China EVs, as Trade Heat Rises
Germany Opposes EU Tariffs on China EVs, as Trade Heat Rises

The EU is set to confirm provisional tariffs on Chinese EVs on Thursday, but many states are yet to decide on whether tariffs or a negotiated solution is the better outcome

US Revoked Eight Licences For Exports to China’s Huawei in 2024
US Revoked Eight Licences For Exports to China’s Huawei in 2024

In May, the US Commerce Department revoked licences allowing companies including Intel and Qualcomm to ship chips used for laptops and handsets to Huawei

Samsung Chip Output At Risk as Workers Announce All-Out Strike
Samsung Chip Output At Risk as Workers Announce All-Out Strike

Any larger scale or protracted industrial action would be a headache for Samsung as it scrambles to catch up with rivals in chips used for artificial intelligence

US Ban on Investment Not Good For AI Sector, China Says
US Law Firm Dechert May Shut Offices in Hong Kong, Beijing
Chinese Military Scandal Seen Delaying Conflict in Taiwan, SC Sea
‘Four of Five Huawei AI Chips Defective’ as US Sanctions Bite
Jakarta to Review Data Centres’ Lax Oversight After Cyberattack
US Lawsuit Says Temu Shopping App Has ‘Hidden Spyware’ – AT
US Planning ‘Aggressive’ Rules on Data Security for Chinese EVs

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