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Latest: Fintech News

SK Hynix to Build New $11bn South Korea Memory Chip Factory
SK Hynix to Build New $11bn South Korea Memory Chip Factory

Hynix’s parent, the SK Group, also recently announced plans to build a chip packaging facility in the United States

China’s Child Smartwatch Market Doubles Over 4 Years – Nikkei
China’s Child Smartwatch Market Doubles Over 4 Years – Nikkei

Growth rate could now though slow due to government concerns that smartwatches are harmful to child development, reported the Nikkei

China Blames US For University Server Attack – SCMP
China Blames US For University Server Attack – SCMP

A cyber security report claimed the US had launched “tens of thousands” of cyberattacks on China and pilfered troves of sensitive data, the South China Morning Post said.

Chips Banned by US in Big Demand from Chinese Researchers
China E-Commerce Giant Shein’s Sales Soar 50% – Pandaily
China Eyes Domestic Solution to US AI Chips Curbs – SCMP
Samsung Admits US Data Breach Saw Customer Data Exposed
India Offers $10bn to Lure Chipmakers to Set up Plants – FT
China Says Licences Needed for Mapping by ‘Smart Cars’
WhatsApp Banned 2.4 Million Indian Accounts in July

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