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Latest: Fintech News

Australia in Security, Resettlement Pact with Low-Lying Tuvalu
Australia in Security, Resettlement Pact with Low-Lying Tuvalu

Australia signs security and migration pact with low-lying Pacific island nation, which is at grave risk of rising sea levels

China’s Top Chipmaker Sees Third-Quarter Profit Plunge 70%
China’s Top Chipmaker Sees Third-Quarter Profit Plunge 70%

A global chip glut and Washington’s moves to limit China’s semiconductor industry weighed on SMIC, but the chipmaker shrugged off the revenue drop

Notorious Hackers Seen Hitting US Arm of ICBC, China’s Top Bank
Notorious Hackers Seen Hitting US Arm of ICBC, China’s Top Bank

Ransomware experts said a prolific cyber gang with links to Russia accused of targeting hundreds of US firms is believed responsible for the attack on the Industrial and Commercial Bank of China

China’s Chip Tech Spree to Beat Curbs Deadline – Register
Japan’s Chipmaking Push ‘Impressive’: Euro Research Chief
SoftBank Reveals $5.2bn Loss as WeWork Demise Adds to Woes
Samsung Designs Generative AI Tech, For Use in Its Devices
Nvidia Producing Three New Chips for China, Local Media Says
Optus Internet Outage Causes Chaos for Millions in Australia
Intel Cancels Vietnam Chip Operations Expansion Plan

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