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Latest: Fintech News

China’s Secret Drive to ‘Delete America’ From Its Tech – WSJ
China’s Secret Drive to ‘Delete America’ From Its Tech – WSJ

‘Document 79’ has only been seen by Beijing’s highest-ranking officials and is said to require state-owned operations to get rid of foreign software by 2027

Cranes at US Ports Pose No Security Risk: Shanghai Zhenhua
Cranes at US Ports Pose No Security Risk: Shanghai Zhenhua

US lawmakers say cellular modems were found installed on cranes made by China's Shanghai Zhenhua, but the company says its cranes pose no security risk to any ports

Japan ‘Not Planning’ to Widen China Chip Curbs Despite US Push
Japan ‘Not Planning’ to Widen China Chip Curbs Despite US Push

Washington is also pushing the Netherlands to stop ASML from maintaining and servicing equipment it sold to China before the Dutch chip export curbs came into effect

‘If They Pass It, I’ll Sign It’: Biden Backs Bill to Ban TikTok
TikTok, US Lawmakers in War of Words as Bill to Ban App Gets Fuel
AI Revolution Firing Nuclear Power Push – NBC News
India To Pump $1.2 Billion Into AI Projects, Startups
US Indicts Google Engineer of Stealing AI Secrets For China
US Sanctions Based on Wrong View of China, Says Foreign Minister
Cost of Carbon Capture by 2050 May be Double Estimates – IME

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