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Latest: Fintech News

SoftBank Reveals $5.2bn Loss as WeWork Demise Adds to Woes
SoftBank Reveals $5.2bn Loss as WeWork Demise Adds to Woes

The technology investment group is now pinning its hopes on chip designer Arm to turn its fortunes around after ‘hitting the bottom’

Samsung Designs Generative AI Tech, For Use in Its Devices
Samsung Designs Generative AI Tech, For Use in Its Devices

South Korean conglomerate says its new AI technology, Samsung Gauss, is a generative language model that can help compose emails, translate content and perform various other tasks

Nvidia Producing Three New Chips for China, Local Media Says
Nvidia Producing Three New Chips for China, Local Media Says

STAR Market Daily news outlet said the new chips are called the HGX H20, L20 PCIe and L2 PCIe and that Nvidia could announce them from late next week

Optus Internet Outage Causes Chaos for Millions in Australia
Intel Cancels Vietnam Chip Operations Expansion Plan
Huawei Supplying AI Chips to China’s Baidu in Blow to Nvidia
Tech Site Founder Detained in China Over Vulgar Content
Solar Power Will Allow Europeans to Go Off Grid – Independent
Huawei, Tencent Lead China Cybersecurity Patents Push – Nikkei
China Allows Ant Group to Release Finance AI Products to Public

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