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Latest: Fintech News

US Firms Divided Over China Investment Curb in Chips Bill
US Firms Divided Over China Investment Curb in Chips Bill

The funding puts the industry in the tricky position of pushing for grants but facing headwinds to investment in Chinese factories and financial backing of Chinese startups

China Set to Ease Tech Crackdown to Boost Economy – SCMP
China Set to Ease Tech Crackdown to Boost Economy – SCMP

Alibaba Group, Tencent Holdings, Meituan and TikTok owner ByteDance have been invited to a government-sponsored symposium

US Says Thanks Taiwan, But Urges Greater Chip Output
US Says Thanks Taiwan, But Urges Greater Chip Output

Tightness in semiconductor supplies over the past two years have in some cases caused automotive and consumer appliance production lines to shut down

Artificial Intelligence an ‘Existential’ Threat to China-US Ties – FP
Indonesia to Impose Crypto Taxes From May 1 – ABLJ
UK’s Arm Names China Co-CEOs in Bid to End Stand-Off
Musk Sells $4bn Tesla Shares After Twitter Bid – CNBC
New Zealand Puts Central Bank Digital Currency Plan on Hold
Apple Says China Output Resuming But Chip Shortage Weighs
Central African Republic Approves Bitcoin as Legal Tender – BBC

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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