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Latest: Fintech News

Japan’s Nidec to Streamline Chip Purchases Amid Supply Woes
Japan’s Nidec to Streamline Chip Purchases Amid Supply Woes

The decision to centralize procurement is a sign that chip shortages may persist and are forcing companies to implement more aggressive measures

Musk Threatens to Scrap Twitter Deal Over Spam Accounts Row
Musk Threatens to Scrap Twitter Deal Over Spam Accounts Row

The Tesla mogul says he’ll walk away from the $44bn deal if he doesn’t get to see data on the social media platform’s spam and fake accounts

Didi Soars 50% on Report China to Lift Ban on New Users, App
Didi Soars 50% on Report China to Lift Ban on New Users, App

Chinese regulators are said to be concluding probes into Didi and two other firms and preparing to lift restrictions on their apps

China’s Ant Group to Launch ANEXT Digital Bank in Singapore
India Tech Firms Demand Delhi Delays New Cyber Rules
Musk Floats 10% Tesla Staff Cut Plan as Outlook Darkens
Musk Work From Home Ban Slammed by Australian Tech Titan
Crypto Crash May Prompt Tighter China Curbs – Economic Daily
Elon Musk Hints at Unveiling Tesla Humanoid Robot Prototype
Winklevosses’ Gemini Sued by US Amid ‘Crypto Winter’

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