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Latest: Fintech News

Samsung Poised For Nine-Fold Profit Jump Thanks to Chip Rebound
Samsung Poised For Nine-Fold Profit Jump Thanks to Chip Rebound

The key driver of the profit growth would be Samsung’s chip division, which is expected to report its first quarterly profit in five quarters

Microsoft Programmer Thwarted Global Cyberattack – NYT
Microsoft Programmer Thwarted Global Cyberattack – NYT

The engineer found a piece of malicious code that would allow a hacker to secretly run their own code on computers all over the world

Tesla Searching For $2-3 Billion India EV Factory Site: FT
Tesla Searching For $2-3 Billion India EV Factory Site: FT

The electric-vehicle maker will focus its hunt on Indian states with automotive hubs such as Maharashtra, Gujarat and Tamil Nadu

TSMC Predicts $60m Hit From Taiwan’s Biggest Quake in 25 Years
China’s Solar Sector Seen Facing Years of Oversupply, Low Prices
Japan Approves $3.9bn of Cash Backing For Chipmaker Rapidus
Xiaomi’s EV Launch Sees Its Market Value Overtake GM, Ford
UN Urges Global Effort to Counter Waste Trafficking to Asia
TikTok Ban Would be Hypocrisy, Apple Co-founder Says – CNN
Job Cuts Loom at China’s SAIC, Plus JVs with GM, VW

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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