Samsung Electronics is expediting the transition to 2nm chip production at its fabrication facility in Taylor, Texas. This strategic move aims to position the company as a formidable competitor to Taiwan Semiconductor Manufacturing Company (TSMC). The upgraded facility will initially target a production capacity of 50,000 wafers per month, with plans to double output by 2027. Equipment installation is scheduled to commence in March, and the first 2nm wafers are expected to roll out in the second quarter of this year.
This expansion marks a significant development in the competitive landscape of semiconductor manufacturing in the United States. By enhancing its capabilities in advanced chip production, Samsung is not only challenging TSMC but also reshaping the dynamics of the global foundry market.
European Fintech Sector Sees Mega-Round Dominance
In related news, the European fintech sector has reported significant funding activity, raising approximately €18 billion to €20 billion across around 1,200 deals in 2025. Despite a decrease in overall deal volume compared to previous years, the funding landscape has shifted towards larger investments. Mega-rounds exceeding €100 million accounted for more than half of the total capital raised, indicating a preference for established companies with proven profitability.
Key players such as Trade Republic, Klarna, and Solaris have led this trend, attracting substantial late-stage investments. The focus on profitability and conviction-led investments has become apparent, particularly in sectors like payments, infrastructure, lending, and regulatory technology (regtech).
Indian Oil Corporation Opens 501 Apprentice Positions
Meanwhile, the Indian Oil Corporation Limited (IOCL) has announced the recruitment of 501 apprentices across various categories, including Trade, Technician, and Graduate Apprentice. The application process is open online, with selection based on candidates’ qualifications rather than a written test.
Eligible candidates aged between 18 and 24 will undergo a one-year apprenticeship, receiving a stipend set by the government. This initiative caters to young individuals seeking practical experience in their respective fields, although it does not guarantee permanent employment.
OpenAI Addresses AI Risks with New Leadership Role
OpenAI has introduced a new position focused on preparedness to tackle the growing risks associated with advanced artificial intelligence (AI) systems. The newly created role will oversee AI safety, cyber threats, and potential misuse in biological contexts. According to CEO Sam Altman, the current safety measures are insufficient as AI models evolve and gain more power.
The appointee will be responsible for risk assessment and threat modeling, contributing to the broader goal of ensuring that AI deployment aligns with innovation while addressing real-world safety concerns.
Mirae Asset Group Pursues Acquisition of Korbit
In another development, Mirae Asset Group is in negotiations to acquire the South Korean cryptocurrency exchange Korbit, with the deal valued between $70 million and $100 million. Discussions are being facilitated through Mirae Asset Consulting, involving Korbit’s major shareholders, including Nexon’s holding company, NXC.
Despite its relatively small share of trading volume, Korbit’s regulated status, banking partnerships, and exchange license enhance its appeal amid increasing competition in South Korea’s licensed cryptocurrency infrastructure.
As these stories unfold, they highlight the ongoing developments in technology, finance, and employment sectors, reflecting a dynamic landscape shaped by innovation and strategic investments.
