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Latest: Fintech News

Google ‘Monopoly’ Ruling Could Cost Apple $20 Billion
Google ‘Monopoly’ Ruling Could Cost Apple $20 Billion

Apple has a deal with Google to make its search engine a default on Apple devices, collecting 36% of what it makes on advertising

SK Hynix to Get up to $450m for Chip Plant, R&D Facility in US
SK Hynix to Get up to $450m for Chip Plant, R&D Facility in US

Commerce Department outlines grants and loans that have helped entice the Korean tech giant to set up a chip production plant, plus a research facility in Indiana

Memory Breakthrough Could Slash AI Energy Use – LS
Memory Breakthrough Could Slash AI Energy Use – LS

Computational random-access memory (CRAM) performs tasks directly inside memory cells, reducing power demands for AI workloads

Rush to Buy Chips Lifts China’s Imports But Exports Softer in July
China Puts 18 Satellites in Orbit in Bid to Rival Starlink
China’s Dongfeng ‘Well Placed’ For New Car Plant in Italy
Google is a ‘Monopoly’, US Judge Says in Historic Ruling – AP
Nikkei Shoots Back up as Officials Scramble to Calm Markets
China’s Huawei, Baidu Stockpile Samsung Chips to Beat US Curbs
Chinese Phone Maker Honor Eyes IPO, Has Huge State Backing

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