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Latest: Fintech News

China Chip Designer Unisoc Seen Seeking to Raise $1.5 Billion
China Chip Designer Unisoc Seen Seeking to Raise $1.5 Billion

Unisoc wants to tap increased local investor interest in China's domestic chip industry, as it gears up to be more self-sufficient in the face of US pressure, sources said.

Amazon in Talks to Buy India Video Outlet MX Player – TechCrunch
Amazon in Talks to Buy India Video Outlet MX Player – TechCrunch

Amazon is talks with Times Internet on the possibility of buying MX Player, one of India's largest on-demand video streaming services, new report says

Alibaba Sells Final Stake in India’s Paytm For $167 Million
Alibaba Sells Final Stake in India’s Paytm For $167 Million

Chinese tech giant's sell-out comes days after Paytm posted its first-ever quarterly operating profit. Meanwhile, Morgan Stanley Asia bought 5 million Paytm shares in trading on Friday

G20 Considering Whether to Regulate Crypto, Indian Minister Says
Biden Seen Banning Some US Investment in China
Second High-Altitude UFO Shot Down Over North America
Intel Eyes $1 Billion Vietnam Chip Plant Investment Boost
Chipmaker SMIC Warns of Weak 2023 on Slipping Tech Demand
Alibaba, Tencent Race to Build ChatGPT Rivals – Nikkei
China to Set Up Blockchain Research Centre in Beijing – SCMP

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