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Latest: Fintech News

Samsung Looks to Texas Tax Breaks as it Plots Chip Expansion
Samsung Looks to Texas Tax Breaks as it Plots Chip Expansion

The South Korean giant has applied for incentives in 11 potential chip manufacturing facilities in Texas, according to documents filed with state authorities.

US Crypto Insider Trading Suspect ‘Tried to Flee to India’
US Crypto Insider Trading Suspect ‘Tried to Flee to India’

Prosecutors said Ishan Wahi shared confidential information about forthcoming announcements of new crypto assets that Coinbase would allow users to trade through its exchange

Asia-Focused Crypto Platform Zipmex Resumes Withdrawals
Asia-Focused Crypto Platform Zipmex Resumes Withdrawals

Zipmex is the latest in a string of crypto players globally to run into difficulties following a sharp selloff in markets that started in May

China Videogame Sector Reports First-Ever Drop in Revenue
China’s Social Security Fund to Spur Industrial Innovation
Japan’s Renesas to Boost Domestic Semiconductor Output
China’s Didi Global Fined $1.2 Billion Over Data Breaches
US May Slip Into Recession if Taiwan Chip Link is Cut – CNBC
South Korea Sets 50% Localisation Target for Chipmakers
South Korean Investigators Raid Crypto Exchanges in Luna Probe

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