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Latest: Fintech News

TSMC Wins Billions in US Aid After Deal on 3rd New Arizona Fab
TSMC Wins Billions in US Aid After Deal on 3rd New Arizona Fab

Washington will award TSMC's US unit a $6.6bn subsidy and up to $5bn in low-cost loans, after it agreed to expand its investment to $65bn and add a third chip fab in Arizona

US Won’t Allow Chinese Imports to Kill New Industries: Yellen
US Won’t Allow Chinese Imports to Kill New Industries: Yellen

US Treasury chief winds up talks with China's financial leaders; she also warned that Chinese banks could face sanctions if linked to arms deals that aid Russia's war in Ukraine

China Ramps Up AI Push, Eyes $1.4tn Industry By 2030 – Xinhua
China Ramps Up AI Push, Eyes $1.4tn Industry By 2030  – Xinhua

Beijing’s drive to catch up with the US in artificial intelligence has seen its cities and regions join the charge

China Central Bank Announces $70 Billion Loans For Tech Sector
Dutch May Give in to US Push Against Servicing China Chip Tools
Google, Microsoft, Intel to Study AI-Related Job Losses – WaPo
Huawei Faces Trial in US for Iran Dealings, Trade Secrets
US Wants ASML to ‘Cut Servicing to Some Chinese Chipmakers’
TSMC Restarts Taiwan Fabs After Earthquake Shutdowns
Samsung Poised For Nine-Fold Profit Jump Thanks to Chip Rebound

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