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Latest: Fintech News

UK’s Arm Names China Co-CEOs in Bid to End Stand-Off
UK’s Arm Names China Co-CEOs in Bid to End Stand-Off

Arm unveiled its latest micro controller design and two new systems to help reduce development time of the so-called "Internet of Things" of connected devices.

Musk Sells $4bn Tesla Shares After Twitter Bid – CNBC
Musk Sells $4bn Tesla Shares After Twitter Bid – CNBC

“No further TSLA sales planned after today," Musk wrote on Twitter after the US Securities and Exchange Commission filings became public on Thursday evening

New Zealand Puts Central Bank Digital Currency Plan on Hold
New Zealand Puts Central Bank Digital Currency Plan on Hold

The RBNZ said feedback from the public had helped affirm the importance of privacy and autonomy and that this would be a focus of further policy work

Apple Says China Output Resuming But Chip Shortage Weighs
Central African Republic Approves Bitcoin as Legal Tender – BBC
China’s Weibo to Fight ‘Bad Behaviour’ by Adding User Location
Huawei Revenues Drop 13.9% as Handset Share Declines
Geely-Owned Volvo Seeks Parts Outside China – FT
US Probes Chipmaker for Huawei Sanctions Violations – FT
Honor Sales Accelerate Despite China Smartphone Market Slump

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