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Industry

Samsung Electro-Mechanics signs 772 million MLCC supply deal with global company

Samsung Electro-Mechanics said on Tuesday it signed a supply contract with a major global company for multilayer ceramic capacitors (MLCCs) used in artificial intelligence servers. The deal is worth about 1.0722 trillion won, or $772 million, and runs from Jan. 1 to Dec. 31, 2027. The company said it was its largest long-term MLCC supply contract to date and cited recognition of its design technology, product reliability and production and quality management capabilities.

Crypto

Japan FSA seeks tax filing exemption for trust-type stablecoins, aims for 2027 rollout

Japan’s Financial Services Agency has asked for trust-type stablecoins to be exempted from tax filing obligations from fiscal 2027. The request seeks to abolish requirements to submit beneficiary-by-beneficiary trust reports and statements that include names and income information. The agency said the framework does not match how such stablecoins circulate and are used, noting they are frequently traded and do not generate income from simple holding. Any change would require legislative approval.

Finance

Fintech job cuts: really driven by AI? Pressure to cut costs may be bigger factor

AI is being blamed for large-scale job cuts in the fintech sector this year, but profitability pressure, cost-cutting and the aftermath of past overhiring may be bigger factors, an article said. A commentary published by TechRadar said about 10,000 fintech jobs have disappeared globally this year, citing cuts at PayPal, Block and Coinbase. It said companies are linking restructuring to AI despite unclear evidence of productivity gains.