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Latest: Fintech News

China ‘Closing Gap’ on US in Quantum Technology Race – SCMP
China ‘Closing Gap’ on US in Quantum Technology Race – SCMP

China leads the world in the number of patents filed for quantum computing technology but still lags behind the United States in terms of capability

Fear of US Sanctions Delaying Oil Payments to Russia, Banks Say
Fear of US Sanctions Delaying Oil Payments to Russia, Banks Say

A US Treasury warning of secondary sanctions has sparked concern among banks in China, Turkey and the UAE, delaying payments for Russian oil

China’s Factories Enjoy a Jump in Profits, Official Data Shows
China’s Factories Enjoy a Jump in Profits, Official Data Shows

Profits jumped by 10% in the first two months of 2024, data from the National Bureau of Statistics showed, suggesting that economic conditions are improving

China Launches WTO Complaint Against US Over EV Subsidies
China’s Xi to Meet US Business Chiefs Amid Chip Tensions
China Scientists Unveil Breakthrough Low-Powered AI Chip – SCMP
China Says Hacking Claims by US and UK is ‘Political Slander’
China’s Retaliatory Bans Could Cost US Tech Giants Billions
CATL in Talks With Tesla on Battery Tech Licence in US: WSJ
SK Hynix Plans $90-Billion 4-Fab Chip Cluster – TH

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