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Latest: Fintech News

In Manila, Raimondo Promises Chip Fabs and More Curbs on China
In Manila, Raimondo Promises Chip Fabs and More Curbs on China

While pledging billion-dollar investments in Manila, Raimondo said the US was constantly looking at ways to expand chip curbs against China and restrict its tech progress

TikTok Ban Would Help ‘Enemy of the People’ Facebook: Trump
TikTok Ban Would Help ‘Enemy of the People’ Facebook: Trump

Former US president looks to have softened his position on TikTok, saying a bill to force the Chinese tech giant to divest its US operations would boost Facebook, which he also dislikes

US Warned AI Poses ‘Extinction-Level Threat’ to Humanity – Time
US Warned AI Poses ‘Extinction-Level Threat’ to Humanity – Time

A new report will claim many AI workers inside cutting-edge labs are worried about incentives driving decision making

China Misses 2023 Emissions Targets, ‘Climate Credibility at Risk’
Shares of China’s Xiaomi Jump on News of its First EV Launch
AI Fever Sees Chip Firm Nvidia Close in on Apple’s No2 Ranking
Bitcoin Soars Past $72,000 as Inflow of Funds Gathers Pace
China Wants Youth to ‘Work in Factories’ as 12m Graduates Loom
China’s Secret Drive to ‘Delete America’ From Its Tech – WSJ
Cranes at US Ports Pose No Security Risk: Shanghai Zhenhua

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