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Latest: Fintech News

Tencent to Turn to Chinese Chips as US Bans Risk Cloud Service
Tencent to Turn to Chinese Chips as US Bans Risk Cloud Service

Tencent is the second large Chinese technology company to look for domestic alternatives to Nvidia amid tightening US sanctions

China Claims Fastest Internet Link: 1.2 Terabits a Second – SCMP
China Claims Fastest Internet Link: 1.2 Terabits a Second – SCMP

Chinese IT groups say they have built the fastest long-distance internet links and can transmit data at 1.2 terabits per second

Huge Huawei Sales Boom Turns Around China Smartphone Market
Huge Huawei Sales Boom Turns Around China Smartphone Market

Huawei saw its sales surge 83% in the first four weeks of October, according to data from Hong Kong-based research firm Counterpoint

Hang Seng, Nikkei Lead Asian Stocks Higher on Soft US Inflation
China’s Xi to Court US Firms at Pricey San Francisco Dinner
Report Explains How China Got Round US’s Initial Chip Curbs
China Plans New Checks For Auditors, Accounting Firms
Kishida-Xi Talks May Touch on Arrests Killing Bilateral Business
China’s Top Bank Paid Ransom After Cyber Attack, Gang Says
Japan Pledges $13bn to Boost Chip Sector Leadership Bid

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