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Finance

KB Kookmin Bank enables QR payments in China without local app, offers 100 percent exchange rate preference

KB Kookmin Bank has launched a service on its KB Star Banking app that lets users make QR payments at merchants in China without installing a local payment app or registering additional personal information. The bank said it introduced an overseas payment service linked to NUCC, marking the first direct connection by a South Korean financial company to China’s national payment network. It also applies a 100 percent exchange rate preference and is running a promotional event through Dec. 21.

Industry

Intel Ohio chip plant raises first structure after five-year delay, targets 2030 completion

Intel has completed installation of the first major structural truss at its large semiconductor plant under construction in New Albany, Ohio, and has moved into the next phase of work. The project is at least five years behind the original schedule. Intel had initially said chips would begin shipping in 2025, but it now targets completion in 2030. A second plant is planned on a site northeast of Columbus, with a completion target of 2031.

AI & Enterprise

China\'s three big tech firms order more than 3 million Nvidia chips as supply falls short of demand

China’s ByteDance, Alibaba and Tencent have reportedly ordered more than 3 million of Nvidia’s new RTX PRO 5500 workstation graphics cards, with the total exceeding $35 billion at list prices. Bloomberg reported the purchases reflect demand for export-compliant alternatives amid U.S. controls. Sources said Nvidia may not be able to fulfill orders because demand exceeds production plans, with partners potentially receiving only a small share of requested volumes.