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Latest: Fintech News

Apple, Samsung to Boost Phone Software for India 5G Rollout
Apple, Samsung to Boost Phone Software for India 5G Rollout

Apple and Samsung have vowed to upgrade software for their 5G-enabled phones in India over coming months, despite some compatibility issues.

South Korea’s SK Hynix Wins Reprieve From US Chip Curbs
South Korea’s SK Hynix Wins Reprieve From US Chip Curbs

Memory chipmaker confirms that it received an exemption on the new US restrictions. Samsung has yet to comment, but it is also tipped to get a reprieve for its operations in China.

Australian Regulators Investigate Optus After Cyberattack
Australian Regulators Investigate Optus After Cyberattack

If investigators find a breach of Australian privacy law, they can seek civil penalties of up to $1.4 million per contravention

China’s Tech Aims Are a Threat to Us All: UK Spy Chief – ABC
KLA Seen Ending Dealings With China After US Chip Curbs
CCP Asked Elon Musk Not to Sell Starlink in China – The Verge
China Approves Fund Targeting Korean, Local Chipmakers
Singtel Unit Hit by Cyber Attack Weeks After Optus Breach
New US Export Rules Seek to Contain China’s Chip Sector
US Chip Ban Could Hurt Korean Chip Fabs in China – CNA

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