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Latest: Fintech News

Huawei Leads China R&D Spending Spree, Overtakes EU – Nikkei
Huawei Leads China R&D Spending Spree, Overtakes EU – Nikkei

The tech giant alone invested $22.5 billion in new products in 2022, according to a European Commission report

Huawei Smartphone Output Hit, As Demand Soars For AI Chips
Huawei Smartphone Output Hit, As Demand Soars For AI Chips

Chinese tech giant has been forced to prioritize AI chips over production of chips for its premium Mate 60 smartphones, sources say, as they are made at the same facility

Foxconn Warns on AI Chip Shortage But Predicts ‘Better’ 2024
Foxconn Warns on AI Chip Shortage But Predicts ‘Better’ 2024

The Taiwanese tech outfit’s chairman Liu Young-way also said geopolitical problems will affect consumer demand

China Chipmaker YMTC Denies Military Links After Blacklisting
Alibaba to Offload Grocery, Hypermarket Chains in E-Comm Push
China’s WuXi Stocks Plunge on Fears Over US Biotech Bill
US Research Group Sues Japan’s Chip Materials Maker JSR
Missing Banker Bao Fan Resigns From China Renaissance – CNN
Asian Rivals Posing a Challenge to Apple’s iPhone Sales in China
Paytm Stocks Dive After RBI Pulls Shutters Down on Its Bank

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AF Fintech Insights

Asia Finance Insights
Asia Fintech insights, analysis, and guides from Asia Financial’s market and new economy experts.
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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