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Latest: Fintech News

Australia Plans New Cyber Security Agency in Policy Shake-up
Australia Plans New Cyber Security Agency in Policy Shake-up

Current cyber security rules, government policies and regulations "are simply not at the level that we need them to be," Prime Minister Anthony Albanese said

FTX’s Bankman-Fried Could Face 155 Years Jail – EuroNews
FTX’s Bankman-Fried Could Face 155 Years Jail – EuroNews

The latest charges filed against SBF over the collapse of his crypto exchange and related transactions could see him facing a sentence from 115 up to 155 years in jail

China’s Tencent Assembles Team To Create ChatGPT Rival
China’s Tencent Assembles Team To Create ChatGPT Rival

Competitors Alibaba and Baidu are also working on products similar to the viral chatbot, which so far remains inaccessible in China

‘Fab 4’ Chip Alliance Holds First Senior Officials Meeting
IMF Chief Floats Crypto Ban Amid Debt Restructuring Talks
China Wants To ‘Integrate’ ChatGPT-Like Tech in its Economy
TSMC Plans $7.4-Billion Second Japan Fab For High-End Chips
European Commission Bans TikTok on Staff Phones – BBC
Korean Firms Likely to See Cap on Advanced Chips in China: US
High Cost, ‘Unmanageable’ US Staff Plague TSMC in Arizona – NYT

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