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Latest: Fintech News

TikTok Seen as Chinese Influence Tool by Most in US, Poll Finds
TikTok Seen as Chinese Influence Tool by Most in US, Poll Finds

Many American adults support a forced sale or ban of TikTok, a new poll has found; a large number believe it is used by China to influence public opinion in the US, and for spying

Australia Says Indian Spies Tried to Steal Defence Secrets – SMH
Australia Says Indian Spies Tried to Steal Defence Secrets – SMH

Canberra spy chiefs have revealed two Indians were expelled after they uncovered an espionage operation back in 2020

Microsoft Ramps up Cloud, AI, Data Centre Investment in SE Asia
Microsoft Ramps up Cloud, AI, Data Centre Investment in SE Asia

CEO Satya Nadella meets heads of state to discuss and unveil projects in Indonesia and Thailand that will use its generative AI and cloud services. He heads to Malaysia on Thursday

Jailed Crypto Boss Zhao to be Free by Sept With Over $33 Billion
Huawei’s Comeback Continues as Quarterly Profit Leaps 564%
Drone Maker DJI Next Likely Target of US China Hawks – NYT
Samsung Profit Soars, Says AI Spurring Strong Chip Demand
Foreign Carmakers Seek Chinese EV Partners on AI, Smart Tech
China Warns US Not to Implement Taiwan Aid, TikTok Sale
China Brokerage Slashes Bankers’ Base Pay, Sources Say

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