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Latest: Fintech News

AI Could up Profits But Also Disrupt Banking: Citi Report – M’place
AI Could up Profits But Also Disrupt Banking: Citi Report – M’place

New report says the finance sector could face great disruption from AI, and that half the jobs in banking could eventually be made redundant

Broadcom Designing an AI Chip For China’s ByteDance: Sources
Broadcom Designing an AI Chip For China’s ByteDance: Sources

The 5nm application-specific integrated chip would be compliant with US export rules, sources say, with production by TSMC likely next year

Deadly Blaze at South Korean Battery Plant Highlights Fire Risks
Deadly Blaze at South Korean Battery Plant Highlights Fire Risks

Fire and rescue service personnel said 22 people - most of them Chinese workers – were killed when the factory exploded in an industrial area near Hwaseong

EU And China Agree to Negotiations on EV Tariffs, Minister Says
‘China Won’t Allow It’: TikTok Compares Divestiture to Chip Ban
Habeck in Beijing to Discuss Trade, as Germany Pivots to US
Huawei Chair Lauds Group’s Progress on Operating System, AI
US, China Hold Informal Nuclear Talks, Discuss Taiwan
Google, OpenAI Scrutinise Staff Amid Fear of China Spying – FT
China Signs $2.8bn Deals in Malaysia, Eyes Pan SE Asia Rail Link

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