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Latest: Fintech News

TikTok Row: China Says US Seeks to Curb its Right to Develop
TikTok Row: China Says US Seeks to Curb its Right to Develop

Asked about new US bill to ban some foreign tech such as TikTok, China's spokeswoman said the US was trying to deprive it of developmental rights and perpetuate its own hegemony

Money Alone Can’t Rescue China’s Chip Sector, Experts Say
Money Alone Can’t Rescue China’s Chip Sector, Experts Say

Even with huge sums of money, unless Chinese firms can develop their own chip innovations, they may be trapped at the low end of the value chain, industry players say

$10m Cost for US to Curb Risky Outbound Investment
$10m Cost for US to Curb Risky Outbound Investment

A US Treasury report said a programme to block US investment going to advanced tech sectors in countries deemed to be a potential security threat would cost $10 million, if set up this year

Chip Giant TSMC to Hire 6,000 Engineers in 2023
US Looking to Ban Some Investment in Adversarial Nations – WSJ
Nvidia’s Plan for Sales to Huawei at Risk if US Extends Curbs
AI Stocks Jump on Upbeat C3.ai Forecast, ChatGPT Boom
Chip Executives Replace Pony Ma, Jack Ma at Key China Meet
SoftBank to List Arm in New York, Despite British Appeals
Apple Supplier Foxconn Speeds up India Expansion in China Shift

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