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Latest: Fintech News

Xiaomi EV Unit Helps Drive Q2 Revenues Past Forecast
Xiaomi EV Unit Helps Drive Q2 Revenues Past Forecast

The smartphone and tech outfit revealed, for the first time, it delivered 27,307 electric vehicles in the second quarter

Walmart Sells $3.6bn Stake in JD.com to Focus on Warehouses
Walmart Sells $3.6bn Stake in JD.com to Focus on Warehouses

US retail giant was the biggest shareholder of JD.com, but sold its entire stake, as e-commerce sector suffers brutal price war, to focus on its warehouse chain

Australia Gives Go-Ahead to $13.5bn Solar Cable to Singapore
Australia Gives Go-Ahead to $13.5bn Solar Cable to Singapore

Canberra gives green light to huge solar farm in country's north that will relay power to Singapore via a 4,300km underwater cable

Japanese Officials Seek $4.7bn Valuation for Tokyo Metro IPO
US Chip Giant AMD In $4.9bn Swoop For Server-Maker ZT Systems
China-US Tensions Threaten 45-Year-Old Technology Pact – FT
South Korean AI Chipmakers Merge, Aim to Challenge Nvidia
China’s Weak Economic Growth Spurs Talk of Cash Vouchers
China Chip Tech Maker AMEC Sues US Over ‘Military’ Tag
US Tech Firms Face ‘Death Spiral’ From New China Curbs: Lawmakers

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