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Latest: Fintech News

Samsung Chip Output At Risk as Workers Announce All-Out Strike
Samsung Chip Output At Risk as Workers Announce All-Out Strike

Any larger scale or protracted industrial action would be a headache for Samsung as it scrambles to catch up with rivals in chips used for artificial intelligence

US Ban on Investment Not Good For AI Sector, China Says
US Ban on Investment Not Good For AI Sector, China Says

US backs a UN resolution aimed at boosting international cooperation on AI capacity-building, but China's envoy says America's ban on AI investment in China is problematic

US Law Firm Dechert May Shut Offices in Hong Kong, Beijing
US Law Firm Dechert May Shut Offices in Hong Kong, Beijing

The news comes amid a prolonged capital market downturn in both the former British colony and on the mainland, plus growing Sino-US tensions

Chinese Military Scandal Seen Delaying Conflict in Taiwan, SC Sea
‘Four of Five Huawei AI Chips Defective’ as US Sanctions Bite
Jakarta to Review Data Centres’ Lax Oversight After Cyberattack
US Lawsuit Says Temu Shopping App Has ‘Hidden Spyware’ – AT
US Planning ‘Aggressive’ Rules on Data Security for Chinese EVs
Indonesian Airports, Data Centres Hit By Worst Cyberattack in Years
Toyota Output Plunges in China, as Zeekr Rises in Russia

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