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Latest: Fintech News

Sanctioned Huawei Left With Zero Advanced Phone Chips – SCMP
Sanctioned Huawei Left With Zero Advanced Phone Chips – SCMP

Huawei has been unable to acquire new integrated circuits after US trade sanctions cut-off its access to chips produced using US technology anywhere in the world

TikTok Offers More Transparency to Avoid Being Banned by US
TikTok Offers More Transparency to Avoid Being Banned by US

TikTok is trying to find ways for the US government to not ban the app while remaining with its parent company ByteDance

Bankman-Fried in US as FTX Associates Plead Guilty to Fraud
Bankman-Fried in US as FTX Associates Plead Guilty to Fraud

US regulators say FTX executives Caroline Ellison and Gary Wang will plead guilty to defrauding investors, while FTX founder Bankman-Fried is due to face a US court shortly

ASML’s Taiwan Expansion Signals Chip Sector’s Next Big Leap
China’s Potential Chip Stars Hit by Latest US Bans – FT
Foreign Inflows Seen Extending India’s Post-Covid Boom
Xiaomi Lays Off 10% of Staff Amid China Covid Crisis
Tesla Buyers Bailing Because of Musk, the ‘Troll’ – CNET
US to Ban Use of TikTok App on Government Devices
Taiwan Probes TikTok For ‘Illegal Commercial’ Activity

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