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Latest: Fintech News

ASEAN Leaders Vow to Crack Down on Traffickers, Online Scams
ASEAN Leaders Vow to Crack Down on Traffickers, Online Scams

ASEAN leaders issued a warning this week on the danger of traffickers' cyber scams, noting "increasing abuse of technology in facilitating trafficking in persons" via social media

Foxconn Sees Q1 Profit Plunge 56% as Japan Investment Bites
Foxconn Sees Q1 Profit Plunge 56% as Japan Investment Bites

The world's largest contract electronics maker attributed the slump to a massive writedown related to its 34% stake in Sharp Corp, its Japanese electronics maker

China Makes First Arrest Over Fake News Generated by ChatGPT
China Makes First Arrest Over Fake News Generated by ChatGPT

Authorities have detained a man for generating a fake story that claimed a train crash killed nine construction workers in a city in China's northwestern Gansu

China Urges State Giants to Lead Tech Fightback Against US
Cisco to Start Making Network and Internet Equipment in India
LinkedIn Axes China App as it Cuts 700 Jobs Globally
Taiwan Will Not Let US Blow up TSMC if China Invades – TN
China Raids Capvision Amid Crackdown on Due Diligence Firms
China’s Security Focus Undermining Its Economic Goals
Alibaba Plans $2bn HK IPO For Newly Spun-Off Logistics Unit

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