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Latest: Fintech News

Samsung Sorry for ‘Shock’ Profit Drop Amid AI Chip Struggles
Samsung Sorry for ‘Shock’ Profit Drop Amid AI Chip Struggles

The world's biggest memory chip, smartphone and TV-maker is estimating an operating profit of $6.78 billion for Q3, versus a $7.6 billion forecast

US Says China is Oversupplying Lithium to Kill Off Rival Firms
US Says China is Oversupplying Lithium to Kill Off Rival Firms

State Dept official says Chinese officials "engage in predatory pricing... [they] lower the price [of lithium] until competition disappears."

Foxconn’s AI Bonanza Continues as it Posts Record Q3 Revenue
Foxconn’s AI Bonanza Continues as it Posts Record Q3 Revenue

The third-quarter is also traditionally when Taiwan's tech companies up the pace making smartphones and tablets for Western markets' festive period

China Hackers Accessed US Court Wiretap Networks: WSJ
Top China Chipmaker Gains $12bn on Stimulus, Push to Dump Nvidia
Cambodia is a ‘Money-Laundering Haven for Chinese Criminals’
SE Asia Crime Networks Rely on Telegram, Crypto, UN Says
EU Backs Large Tariffs on Chinese EVs But Talks Will Continue
Mass Arrests in India as Samsung Workers’ Protest Drags on
Apple May Turn to China After India Fire Threatens Festive Push

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