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Latest: Fintech News

TSMC, Samsung May Bag Billions in Subsidies for US Chip Fabs
TSMC, Samsung May Bag Billions in Subsidies for US Chip Fabs

The Joe Biden Administration is expected to begin handing out subsidies to top semiconductor companies in the coming weeks, according to a WSJ report

US Chip Firms Looking to Invest $8bn in Vietnam, Official Says
US Chip Firms Looking to Invest $8bn in Vietnam, Official Says

The investments were contingent on Vietnam developing its regulatory regime for renewable energy, the State Department official said

White House: US, China Need to Collaborate on AI Safety – Inc
White House: US, China Need to Collaborate on AI Safety – Inc

A senior Washington official says the superpowers should find a way to agree on artificial intelligence safety standards

China Evergrande Facing Potential Wind-up Hearing on Monday
Scientists Teach AI How To Be Bad But Can’t Undo It – Futurism
ASML Sees Hit From US Chip Curbs But Could Enjoy 2025 Boom
Chinese Investors Keen on Banned Crypto, as Stocks Lost Value
North Korea Using AI to Boost Surveillance, Study Claims
Jack Ma Snaps Up Alibaba Stock to Become its Largest Shareowner
Data Centres, AI, Crypto Spurring Power Demand in Asia – IEA

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