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Latest: Fintech News

India’s Current Account Deficit Narrows as Trade Improves
India’s Current Account Deficit Narrows as Trade Improves

The Reserve Bank of India said the country's current account deficit stood at $1.3 billion or 0.2% of GDP in January to March, the fourth quarter of 2022/23 fiscal year

China’s Baidu Claims Its Ernie AI Bot is Better Than ChatGPT
China’s Baidu Claims Its Ernie AI Bot is Better Than ChatGPT

The Beijing-based search engine giant says its AI chatbot, Ernie 3.5, beat OpenAI’s market leader in several key metrics

How Samsung Exec ‘Stole $200m Chip Secrets’ for Foxconn China Fab
How Samsung Exec ‘Stole $200m Chip Secrets’ for Foxconn China Fab

Prosecutors say 65-year-old Choi Jinseog, once hailed as a star in Korea's chip industry, tapped Samsung’s supplier network to steal information on factory layouts, cleanroom management

Chinese State Banks Selling Dollars to Slow Currency’s Decline
Korean Chip Master’s China Plot Puts Tech War in Focus – FT
Private Equity Deals at 4-Year Low, Hit by Rate Hikes, Slowdown
Japan to Buy Chips Material Firm as Tokyo Ramps Up Tech Push
China Plays Down Russian Revolt as ‘Internal Affair’
Amazon to Boost India Investment to $26 Billion by 2030
Shorts Build up in Cheap China Stocks Amid Stimulus Worries

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