Incumbent banks have traditionally been independent entities, serving customers within tight silos. With digital challengers invading their space, banks are discovering the benefits of recomposing their banking operations. In their quests for greater value, banks are increasingly forming profitable partnerships and leveraging technology.
China’s ascent to an economic and technological powerhouse hasn’t been applauded by all, especially its main rival, the United States. Its evolving semiconductor industry is especially disconcerting. The US has rallied some of its allies to contain China’s chipmaking capacity, but China is resorting to its own measures to win the chip war.