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Latest: Fintech News

Chinese Chip Designers Hiring Malaysian Firms to Assemble GPUs
Chinese Chip Designers Hiring Malaysian Firms to Assemble GPUs

Chinese companies are asking Malaysian chip packaging firms to assemble chips known as graphics processing units (GPUs) amid concern US export restrictions could be expanded

China Tightens Rules for Non-Bank Payment Firms Like Alipay
China Tightens Rules for Non-Bank Payment Firms Like Alipay

Among other measures, the rules implement tougher licensing regulations and call for stronger protection of user information and payment accounts

China Drafts Contingency Plan for Data Security Incidents
China Drafts Contingency Plan for Data Security Incidents

The plan comes amid Beijing’s push to tamp down national security risks and heightened concerns around large-scale data leaks and hacking

Domestic Sales of Chinese Video Games Rebound, Top $42.6bn
US, China Out to Stop Quantum Computers Stealing World’s Secrets
Chinese Chip Firms Closed at a Record Rate in 2023 – TH
Senior Auditors Wary on Review of VW Plant in China’s Xinjiang
US Still Backing China Firm Providing Chips for Drones, PLA Units
New Huawei Laptop Fuels Talk of Sanctions-Beating 5nm Chip
Scientists Reveal AI Headset That Turns Thoughts Into Text – IE

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