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Latest: Fintech News

NTT, Kioxia to Back New Japanese Logic Chip Firm
NTT, Kioxia to Back New Japanese Logic Chip Firm

Major Japanese companies such as NTT and Kioxia have said they will invest in a new state-backed company that aims to mass-produce next-generation logic semiconductors

Crypto Markets Shaken After Binance Abandons FTX Bailout
Crypto Markets Shaken After Binance Abandons FTX Bailout

Cryptocurrency markets were hit hard again on Thursday, after Binance walked away from a bailout deal for its smaller rival exchange FTX.

Nintendo Shares Crash 7% on Switch Console Sales Forecast Cut
Nintendo Shares Crash 7% on Switch Console Sales Forecast Cut

The videogame maker’s stock saw its biggest one-day drop in a year after chip shortages were cited in a sales projection fall for its hit console

Germany May Block Chinese Takeover of Chip Factory – DW
TSMC Plans Advanced $12bn Chip Plant in Arizona – WSJ
Millions Face Mass Testing and Lockdown in China’s Guangzhou
Crypto Sector Shaken by FTX Collapse, Binance Takeover
Cryptos Crumble as FTX Exchange Rumours Panic Traders
Report Says China Uses Software Flaws for Cyber Attacks – Register
China Opposes Taiwan’s $10m Lithuanian Chip Investment

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