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Latest: Fintech News

Korea, China Shares Post Highest Gains in Years Amid AI Frenzy
Korea, China Shares Post Highest Gains in Years Amid AI Frenzy

Korean shares fared the best in Asia, posting their biggest yearly gains in more than two decades thanks to the country's dominant role supplying chips for AI and data centres

Meta to Buy Chinese-Founded AI Startup Seen as ‘Next DeepSeek’
Meta to Buy Chinese-Founded AI Startup Seen as ‘Next DeepSeek’

The Facebook parent said that the startup, Manus, will cut ties with China after it has been acquired

China Now Requires Chipmakers to Use At Least 50% Local Equipment
China Now Requires Chipmakers to Use At Least 50% Local Equipment

The new policy is already generating greater technology breakthroughs and higher revenues for Chinese chip equipment suppliers

China Looks to Tackle Addiction, Self-Harm From AI Emulating Humans
US Delays Fresh Chip Tariffs Against China to Keep The Peace
Seoul Accuses Ex-Samsung Staff of Leaking DRAM Tech to China
Korean Court Rejects Bid to Block Korea Zinc Deal For US Smelter
Japan Set to Test Mining of ‘Rare Earth Mud’ From Deep Seabed
Surge in Solar Power, Data Centres Spurs Battery Boom in China
US Begins Reviewing Licences For Sale of H200 Chips to China

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