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Latest: Fintech News

US Adds 28 Chinese Firms, 10 Others to Trade Blacklist
US Adds 28 Chinese Firms, 10 Others to Trade Blacklist

The latest additions includes units of genomics giant BGI, which was linked to repression of ethnic minorities, plus firms linked to ballistic missiles, or surveillance equipment used by Burma’s military

China’s Low-Earth Satellites Push in Starlink Catch-Up Bid
China’s Low-Earth Satellites Push in Starlink Catch-Up Bid

The state-backed China Aerospace Science and Industry Corp will launch the first LEO satellites of a planned constellation in September

China Tech Fighting Over AI Talent in ChatGPT Chase – SCMP
China Tech Fighting Over AI Talent in ChatGPT Chase – SCMP

Chinese tech companies building their own versions of ChatGPT are trying to recruit artificial intelligence researchers from abroad

Binance Makes Another Bid For Singapore Licence Amid US Probe
China Has Big Lead in Critical Emerging Technologies: Study
US ‘Discussing Possible China Sanctions’ With Allies Over Ukraine
US Chips Act Fund Ban on China Expansion For 10 Years – FT
Binance Stablecoin Chalks up $6bn of Outflows After Crackdown
Huawei Pitches its 5G Vision to the World in Barcelona – Nikkei
Australian Government Advisers Remain Cool on TikTok Ban

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