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Latest: Fintech News

Nvidia Plans New Unit to Target $30bn Custom Chip Market
Nvidia Plans New Unit to Target $30bn Custom Chip Market

The US tech giant wants to claim key shares of the booming market for custom-made chips for cloud computing and artificial intelligence.

After Samsung, Lenovo Agrees to Feature Baidu’s AI Bot Ernie
After Samsung, Lenovo Agrees to Feature Baidu’s AI Bot Ernie

Research firm Canalys expects that 5% of smartphones shipped globally in 2024, or 60 million smartphones will be AI-capable

Western Investment Banks Brace for Job Cuts as China Woes Rise
Western Investment Banks Brace for Job Cuts as China Woes Rise

Bankers and recruitment agencies said staff cuts that began in late last year on the Chinese mainland and Hong Kong will gather pace in the coming months

US Panel Wants Investment Ban on Critical Tech Sectors in China
UN: North Korea Cyberattacks Pocketed Regime $3bn – Guardian
Chinese Firm Runs 100 ‘News’ Sites Pushing Pro-Beijing Stories
China’s Top Chipmaker SMIC Predicts Modest 2024 Recovery
China’s Bid to ‘Cheat’ a Way to Chip Prominence is Failing: Envoy
Venture Capitalists’ Backing China Put Democracy at Risk – NYP
China’s Electric Vehicle Sales Fell 37% in January from December

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