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Latest: Fintech News

China to Curb Exports of Antimony Metals, Ores, Oxides – SCMP
China to Curb Exports of Antimony Metals, Ores, Oxides – SCMP

Antimony is used as a hardener in lead for storage batteries, plus alloys with lead and tin to improve solders and bullets, and in semiconductor devices

SoftBank Ditches Planned AI Chips Tie-up With Intel – FT
SoftBank Ditches Planned AI Chips Tie-up With Intel – FT

SoftBank blamed Intel for the failed tie-up, claiming the chipmaker was not able to meet its demands for volume and speed, the report said

Foxconn Posts Forecast-Beating Q2 Profit On Unrelenting AI Boom
Foxconn Posts Forecast-Beating Q2 Profit On Unrelenting AI Boom

Foxconn bosses are predicting AI servers will soon become its next ‘trillion-dollar revenue product’

Huawei Close to Releasing AI Chip to Rival Nvidia in China: WSJ
Firms May Abandon Net-Zero Plans Amid Carbon Offset Uncertainty
Tokyo Turns to AI For Earthquake Early Warning System – Kyodo
Indian Regulator Recalls Competition Probe Reports on Apple
Sales of EVs up 21% Worldwide in July, as China Growth Rises
China to Extend Loan Programme For Companies to Cut Emissions
Chinese Hackers Targeted Russian State Networks, IT Firms – BC

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