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Latest: Fintech News

Foxconn May Revamp Workers’ Hostels at Indian iPhone Plant
Foxconn May Revamp Workers’ Hostels at Indian iPhone Plant

The factory, which employs 17,000 people, is expected to restart production with 1,000 workers on Thursday. State official inspected workers' hostels, which firm reportedly vowed to upgrade.

Ant’s Consumer Finance Unit To Lift Capital To $4.7bn
Ant’s Consumer Finance Unit To Lift Capital To $4.7bn

The consumer finance unit of China's Ant Group will introduce four new strategic investors and boost the company's capital to $4.7 billion, an exchange filing released on Friday said

Japan and Taiwan Politicians Agree on Chip Cooperation
Japan and Taiwan Politicians Agree on Chip Cooperation

Japanese officials said they had agreed with Taipei that both they, and the US, need to cooperate to build resilient supply chains

Italy Bids to Host $8bn Intel Plant to Boost EU Chip Supply
Advanced Micro Devices in $2.1bn Wafer Deal with GlobalFoundries
China Province Summons Five Firms Over Live-Streaming
UnionBank Buys Citigroup’s Philippines Assets for $1.1bn
Intel Apologises Over Statement on Xinjiang Labour
US SEC Rejects Apple Bid to Block Investor Proposal on Forced Labour
US Safety Regulator Probes Tesla’s Video Game Feature

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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