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Latest: Fintech News

$600,000 ‘Deepfake’ Fraud Heats Up AI Debate in China
$600,000 ‘Deepfake’ Fraud Heats Up AI Debate in China

"He chatted with me via video call, and I also confirmed his face and voice in the video. That's why we let our guard down," the victim said

China Ban on Micron Adds to Trade Tension, Spurs Chip Rally
China Ban on Micron Adds to Trade Tension, Spurs Chip Rally

Shares of local and Asian chipmakers rose after China's cyberspace regulator said that Micron, the biggest US memory chipmaker, had failed its network security review

US Set to Sign Security Pacts With Palau and Micronesia
US Set to Sign Security Pacts With Palau and Micronesia

Palau and Micronesia will sign updated security agreements with the US over the next two days, while the Marshall Islands could also agree to do the same shortly, US envoy Joseph Yun said

China Will Still Get Big Investments From West, Scholz Says
G7 Leaders Seek to ‘De-Risk, Not Decouple’ From China
India to Withdraw 2000-Rupee Notes Ahead of Elections
China’s Commerce Minister to Meet US Trade Chiefs Next Week
Micron to Spend $3.7bn to Bring EUV Chipmaking Tech to Japan
China’s Alibaba Approves Spinoff of Cloud Computing Business
China’s Hua Hong Edges Closer to Mega IPO As Chip War Heats Up

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