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Latest: Fintech News

South Korea Sets 50% Localisation Target for Chipmakers
South Korea Sets 50% Localisation Target for Chipmakers

Samsung and SK Hynix are already among the world's top semiconductor brands, but President Yoon seeks to bolster supply chain stability and resources

South Korean Investigators Raid Crypto Exchanges in Luna Probe
South Korean Investigators Raid Crypto Exchanges in Luna Probe

A total of 15 places, including cryptocurrency exchanges and related offices, were searched on Wednesday

Scandal-Hit Chinese Banks’ Customers Win New Repayments
Scandal-Hit Chinese Banks’ Customers Win New Repayments

Financial regulators in Henan province said on Thursday that individuals with deposits of up to 100,000 yuan ($14,800) will be repaid

Tencent to Shut Down Another NFT Platform – Jiemian.com
Baidu Unveils Autonomous Robotaxi as GM, Ford Seek US Permits
US Advances Bill With $52 Billion Subsidies for Chipmakers
Twitter Wins Bid to Fast-Track Case Against Elon Musk
Singapore Defends Crypto Regime After Three Arrows Collapse
Didi Faces $1 Billion Fine for Data Security Breaches – WSJ
SoftBank Halts Talks on Arm IPO Over UK Political Chaos – FT

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