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Latest: Fintech News

Samsung Electronics Suffers 69% Fourth Quarter Profit Plunge
Samsung Electronics Suffers 69% Fourth Quarter Profit Plunge

Lacklustre profit estimate by the world's top maker of memory chips, plus smartphones and TVs, is a warning signal for other big tech firms' results

Dell to Remove Chinese Chips From its Tech by 2024
Dell to Remove Chinese Chips From its Tech by 2024

The computer firm has also reportedly told suppliers to cut down on the use of other parts that have been ‘made in China’, the Nikkei reports

Foxconn Says Output is Recovering Despite 12% Revenue Drop
Foxconn Says Output is Recovering Despite 12% Revenue Drop

The Taiwanese firm said resumption of production at its Zhengzhou plant had seen a gradual recovery which has contributed to "double-digit growth"

Apple Market Value Dips Below $2 Trillion Amid Demand Fears
Taiwan Gives Citizens $200 to Share Chip Success, Buoy Economy
South Korea Eyes Huge Incentives for Chip Investments at Home
India’s TikTok Ban ‘Incredibly Important’: US FCC – TechCrunch
We Have Emerged From Crisis: Huawei Chairman Eric Xu
China Pulls Off Chip Breakthrough in Sanctions Blow – Telegraph
Huawei on Comeback Trail After US Sanctions Blow, Says Chief

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