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Latest: Fintech News

India Offers $10bn to Lure Chipmakers to Set up Plants – FT
India Offers $10bn to Lure Chipmakers to Set up Plants – FT

Foreign investors are lining up to capitalise on the opportunity, with new plants planned in Tamil Nadu and Bangalore, the Financial Times said.

China Says Licences Needed for Mapping by ‘Smart Cars’
China Says Licences Needed for Mapping by ‘Smart Cars’

The surveying and mapping law shows Beijing's concern over the mapping capabilities of "smart cars" and fear that data they collect may end up in the hands of hostile rivals.

WhatsApp Banned 2.4 Million Indian Accounts in July
WhatsApp Banned 2.4 Million Indian Accounts in July

More than half of the 2.39 million Indian accounts banned by WhatsApp in July were 'proactively' taken down before complaints were received, the company said in a report

Taiwan President Hails ‘Democracy Chips’ Tie-Up With US
US Chip Ban Likely to Hit Most of China’s Tech Giants
US Orders Nvidia to Stop Sale of Advanced Chips to China
Japan to Change Floppy Disk Data Storage Rules – Nikkei
Alibaba, JD.com Among First Chinese Firms Facing US Audits
Indian Telecom Jio Set to Launch 5G Services in October
Russians Getting Cash from Finnish ATMs via Chinese Cards – YLE

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