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Latest: Fintech News

Huawei Supplying AI Chips to China’s Baidu in Blow to Nvidia
Huawei Supplying AI Chips to China’s Baidu in Blow to Nvidia

Chinese tech firms have historically relied on sector leader Nvidia but Washington’s tech curbs have prompted a shift away from the US firm

Tech Site Founder Detained in China Over Vulgar Content
Tech Site Founder Detained in China Over Vulgar Content

Chen Shaoji, the founder of DouYu game-streaming site, was taken away by authorities several weeks ago, company sources told a state news outlet

Solar Power Will Allow Europeans to Go Off Grid – Independent
Solar Power Will Allow Europeans to Go Off Grid – Independent

Advances in solar technology and a dramatic fall in prices mean it is economically viable for millions of Europeans in single homes to abandon the electrical grid in coming decades, a new study says

Huawei, Tencent Lead China Cybersecurity Patents Push – Nikkei
China Allows Ant Group to Release Finance AI Products to Public
China to Drive Development of AI, Robots to Boost Growth – SCMP
Foxconn Says $25bn China Tax Payment ‘Rumour’ Hurt Reputation
Many Crypto Court Battles Queued up Behind Bankman-Fried
China Worries Loom as Global Finance Chiefs Meet in Hong Kong
US And China Set to Hold Nuclear Arms Control Talks – WSJ

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