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Latest: Fintech News

FTX Hit by ‘Rogue’ $515m Crypto Outflows After Collapse
FTX Hit by ‘Rogue’ $515m Crypto Outflows After Collapse

Crypto exchange said on Saturday it detected unauthorised access and analytics firms said crypto assets valued at around half a billion dollars were stolen and it may have been hacked.

$1.7 Billion of Clients’ Funds ‘Missing’ After FTX Collapse
$1.7 Billion of Clients’ Funds ‘Missing’ After FTX Collapse

Crypto exchange founder Sam Bankman-Fried transferred $10 billion of customer funds from FTX to his trading firm Alameda Research, sources allege, adding that about $1.7bn is 'missing'

China Chipmaker SMIC Predicts Weak Demand in 2023 – SCMP
China Chipmaker SMIC Predicts Weak Demand in 2023 – SCMP

The chip firm reported flat revenue growth in the third quarter as it faces challenges from US export restrictions on China, SCMP said

iPhone Maker Foxconn Set to Quadruple India Plant Workforce
Germany Blocks Chip Firm Sale Due to Security Concerns
NTT, Kioxia to Back New Japanese Logic Chip Firm
Crypto Markets Shaken After Binance Abandons FTX Bailout
Nintendo Shares Crash 7% on Switch Console Sales Forecast Cut
Germany May Block Chinese Takeover of Chip Factory – DW
TSMC Plans Advanced $12bn Chip Plant in Arizona – WSJ

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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