Latest: Fintech News
Security reviews are being undertaken in the US after the ICBC ransom attack, while China's top bank sent capital to its US arm to help pay BNY Mellon $9 billion for unsettled trades caused by the event
The SoftBank Group-controlled firm trades at 45 times its 12-month forward earnings estimates, compared with investor darling Nvidia's 29.66
Australia signs security and migration pact with low-lying Pacific island nation, which is at grave risk of rising sea levels
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
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
Chinese customers are reportedly stockpiling chipmaking kit made by Dutch firm ASML before new restrictions come into force in 2024
Tokyo has been offering significant subsidies to domestic and foreign chipmakers to rebuild its semiconductor industry
The technology investment group is now pinning its hopes on chip designer Arm to turn its fortunes around after ‘hitting the bottom’
South Korean conglomerate says its new AI technology, Samsung Gauss, is a generative language model that can help compose emails, translate content and perform various other tasks
STAR Market Daily news outlet said the new chips are called the HGX H20, L20 PCIe and L2 PCIe and that Nvidia could announce them from late next week
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Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
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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
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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