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Latest: Fintech News

Musk ‘May Cut Govt Waste For a Year’, Tesla Shares Plunge
Musk ‘May Cut Govt Waste For a Year’, Tesla Shares Plunge

Musk's admission that he could oversee US government cost-cutting for another year, despite 'great difficulty' also heading Tesla, spurred a 15% fall in its share price on Monday

Four US Groups Seeking to Buy TikTok, Trump Says
Four US Groups Seeking to Buy TikTok, Trump Says

Potential buyers reportedly include Amazon, Oracle and Microsoft, the YouTube star MrBeast and Frank McCourt

Toyota Unveils Bozhi 3X in China, a Cheap Advanced Smart EV
Toyota Unveils Bozhi 3X in China, a Cheap Advanced Smart EV

Top Japanese carmaker wants to regain market share in the world's largest auto market. With features similar to local rivals and priced at $15,000, it could do that

Trump Plan to Revive US Shipbuilding, Cut Chinese Grip on Sector
Vietnam, Thailand Among Asian Exporters at Risk of US Tariffs
TSMC’s $100bn US Deal: Taiwan Says It Won’t Share Top Chip Tech
Thousands in Limbo as Thailand Fights Scam Hubs on Two Fronts
Trump Launches Tariff Wars, China Hits Back With 10-15% Duties
Honda ‘to Make Civic Hybrid in US Instead of Mexico Due to Tariffs’
Stocks Sink to Lowest in Weeks Amid Fears of Global Trade War

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