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Latest: Fintech News

China Way Ahead of US in Chip Startup Funding – PitchBook
China Way Ahead of US in Chip Startup Funding – PitchBook

China led the funding of chip startups in 2023 by a wide margin over the US, with local startups receiving 75% of all venture-capital funds in firms doing chip design, making chips or chip equipment

US Cleared Chinese Hackers From Pacific Computer Systems
US Cleared Chinese Hackers From Pacific Computer Systems

US security officials say they recently disabled a pervasive Chinese hacking operation that compromised thousands of internet devices in critical infrastructure in the Pacific and other areas

Teradyne Pulled $1bn of Chip Testing Equipment Out of China
Teradyne Pulled $1bn of Chip Testing Equipment Out of China

US firm that makes chip testing equipment pulled gear worth $1 billion out of China last year after deciding it was 'too risky' to stay amid supply chain and other issues

China Ups Approvals for Public AI Models in Race to Rival US
Firm Smuggled 53,000 Banned US Chips to China – BusinessKorea
Canon Says New ‘Stamp’ Machine Will Slash Chipmaking Costs – FT
US Plans New Rules for Cloud Firms to Cut Off China AI Access
TSMC, Samsung May Bag Billions in Subsidies for US Chip Fabs
US Chip Firms Looking to Invest $8bn in Vietnam, Official Says
White House: US, China Need to Collaborate on AI Safety – Inc

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Asia Finance Insights
Asia Fintech insights, analysis, and guides from Asia Financial’s market and new economy experts.
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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