Business, Financial & Legal - Page 9

NBC has secured the rights to broadcast the Olympics until 2036 after huge ratings were generated with the Paris Olympics.

Comcast NBCUniversal has announced a $3 billion deal with the International Olympic Committee (IOC) to keep the Olympics on NBC and Peakcock until at least 2036, following a huge success with last summer's Paris Olympics that secured more advertisers than the 2016 Rio Games, and the 2020 Tokyo Games - combined.

According to NBC, digital ad revenue from the Paris Games doubled the ad revenue generated by Tokyo and was even so successful that it set a new record high for NBCUniversal. The newly inked deal secures the broadcasting and streaming rights for the 2034 Winter Games in Salt Lake City, along with the 2036 Summer Olympics, and is an extension of NBC's current contract with the IOC that states NBC maintains the Olympics rights until 2032, which the games are scheduled to take place in Brisbane, Australia.

Personal stories about Zuckerberg have reached a new crescendo, after ex-Facebook director Sarah Wynn-Williams released her new book Careless People: A Cautionary Tale of Power, Greed, and Lost Idealism. The book is an expose detailing her time working at the company between 2011 and 2017.

The book makes some relatively scathing claims. Meta has condemned its release, calling it 'out of date' and filled with 'false accusations' about its executives. Meta spokesperson Erin Logan told SFGate that the book was 'defamatory', alleging that Wynn-Williams had skipped fact-checking processes conventionally associated with book publishing.

Wynn-Williams' includes anecdotes on stories that are already public. For example, the accusations that Zuckerberg lied during a 2018 senate hearing, and his alleged efforts to work with the Chinese Communist Party to get his app unblocked.

President Trump recently announced that TSMC would be investing a further $100 billion into US semiconductor manufacturing, but it is leaving Taiwanese officials with a sour taste in their mouths as this sounds and feels like a technology transfer.

In a new report from UDN, we're learning that TSMC's new investment of another $100 billion into the US chipmaking industry has Taiwanese officials concerned it would lose its global dominance on the semiconductor industry, and that the US would take that position over.

TSMC has however assured Taiwan that its expansion into the US won't downgrade the country's importance on the semiconductor supply chain, and that its core technologies will remain in Taiwan. TSMC Taiwan has a massive R&D team on home soil, with its cutting-edge process node production only taking place at its Taiwan-based fabs, with other nations like the US making previous-gen chips.

Tesla has suffered unprecedented market losses to start 2025, with nearly half of the company's value wiped out in just a few months.

As reported by Business Insider, Tesla was valued at $1.54 trillion in December 2024, but as of March 2025, that number has dropped to $777 billion - a staggering 49% decline.

JPMorgan analysts call it one of the largest and fastest stock crashes in automotive history, saying they struggle to find a comparable event in terms of both scale and speed. The closest examples, they note, were Japanese and Korean automakers losing sales in 2012 and 2017 due to diplomatic disputes with China. However, they highlighted that Tesla's decline is global, not confined to a single market.

Intel stocks have had a resurgence, trending 12% since the company's new chief executive Lip-Bu Tan was appointed. The move follows the retirement of former CEO Pat Gelsinger in December 2024, who was later found to have been pushed out.

As detailed in a company press release, Tan will be stepping into the CEO role March 18th, taking over from interim co-CEOs David Zinsner and Michelle Johnston Holthaus. Zinser will retain an executive role as Intel's CFO, and Holthaus will remain the CEO of Intel products.

The company outlined Tan's experience as a technology investor and widely respected executive in the sector. Tan has over 20 years of experience with semiconductors and software, and has established relationships across the ecosystem that the company believes to be beneficial.

Apple's Safari and Google Chrome are the two largest browsers in the market at the moment - by quite a large margin. However, a recent investigation from the UK suggests that the large tech firms are holding back innovation and limiting growth in these markets.

The investigation, conducted by an independent inquiry group in the UK, was officially published on March 12. Margot Daly, the Chair of the Competition and Markets Authority (CMA), concluded that competition between different mobile browsers "is not working well" and that this is "holding back innovation in the UK."

The analysis set out to identify issues in the marketplace and outline potential interventions to facilitate the healthy functioning of digital markets. One of the key focuses was to identify whether Apple or Google have what they call 'strategic market status' (SMS) - which essentially refers to monopolistic power in a digital market. When firms are assigned this designation, the UK Government's Digital Markets Unit (DMU) is granted powers to implement pro-competitive interventions. While the investigation has flagged concerns, whether Apple and Google are designated with this status is part of an ongoing investigation expected to conclude later this year.

TSMC has reportedly pitched a joint venture foundry idea to US chip designers including NVIDIA, AMD, Broadcomm, and Qualcomm that would see the companies operating Intel's semiconductor fabs.

In a new report from Reuters, we're learning that TSMC would run the operations of Intel Foundry, but it wouldn't own more than 50% according to their sources. The talks are at an "early stage" and come after President Trump requested TSMC to help turn the US semiconductor market around as they've been bleeding out its semiconductor prowess to Taiwan and President Trump wants that business back.

Reuters reports that the details of the plan for TSMC to take "no more than a 50% stake and its overtures to potential partners are being reported for the first time. Any final deal -- the value of which is unclear -- would need approval from the Trump administration, which does not want Intel or its foundry division to be fully foreign-owned".

Niantic, the makers of the hit app Pokemon GO have just been acquired by Scopely, a mobile gaming firm, for $3.5 billion.

Scopely has already established portfolio of mobile games, such as Monoloply Go, Stumble Guys, Star Trek TM Fleet Command, and Marvel Strike Force. Now, Scopely can add Niantic's video game business under its belt, which has been helmed by longtime leaders Kei Kawai and Ed Wu, who will remain on as studio heads. Pokemon GO launched in 2016 and quickly became a global phenomenon, drawing in millions of players, and even today, it still remains in the top 10 apps with more than 100 million players in 2024.

One of the main aspects of Pokemon GO and it's attractiveness is the social element, which has evolved into more than just catching Pokemon with your friends as themed festivals and events around the world have been setup in celebration of the game. Scopely even mentioned this in its press release, with the company stating that more people attended Pokemon GO Fest last year than Coachella, Lollapalooza, Glastonbury, Electric Daisy Carnival, and Tomorrowland combined.

Out the front of the White House President Donald Trump committed to deeming any acts of violence against Tesla dealerships an act of domestic terrorism.

The comments from Trump come after several Tesla dealerships and charging stations were targeted by vandals, seemingly in response to an emerging campaign against Tesla CEO Elon Musk for his involvement as head of the Department of Government Efficiency (DOGE), which is pursuing implementing sweeping cost-cutting measures throughout the US government. Trump and Musk were spotted outside of the White House in a Tesla vehicle, and after exiting the vehicle, Trump was asked about the labeling of the emerging violence against Tesla seen across the country.

Trump responded to the question, which can be seen in full below, by agreeing attackers should be labeled as domestic terrorists, and then went on to name several other American companies he has "stuck up for". Trump continued and explained he wants to protect any American company, and that "we are going to catch them". The President added that many of the dealerships have quite a lot of cameras, and that "we already know who some of them are, we're gonna catch them. And they're bad guys."

Take-Two Interactive, publisher of Grand Theft Auto, Borderlands and the NBA 2k franchise, has filed a lawsuit against Player Auctions, a marketplace that sells online player accounts, items, and virtual currency.

The filing joins Roblox, who lodged a similar notion last month. Take-Two's lawsuit was filed at the US Central District Court of California last week, as reported by Polygon. The company has accused PlayerAuctions of running a 'lawless enterprise' and claims that the marketplace has engaged in 'rampant infringement and other unauthorized conduct' on the site.

The filing itself alleges that PlayerAuctions runs a sophisticated sales platform, and that it actively recruits 'sellers' who engage with hacking software and exploits to create infringing goods. Specifically, they point to 'thousands of listings' that contain heavily modified player accounts, in-game assets, and virtual currency - which they claim were gained through the use of hacking software, cheats, and exploits.

The Las Vegas Sphere may soon get little brother and sister spheres as the company behind the $2.3 billion project is looking to expand its offerings into smaller spherical venues.

Sphere Entertainment's Executive Chairman and CEO James Doland recently spoke to industry analysts and informed them the company is looking into smaller Sphere's that would seat approximately 5,000 people, which is considerably smaller than the Las Vegas Sphere, which on paper can seat about 17,600, but could probably fit as many as 20,000 people standing.

Notably, these smaller spheres would require less property and parking, would be cheaper to build, and would likely attract many more artists that can necessarily fill the Las Vegas Sphere but can comfortably sell out 5,000 seats. There is also another barrier to entry the public may not consider when an artist wants to book the Las Vegas Sphere, and that is the considerable investment in producing custom-made video content for the 160,000-square-foot LED screen.

President Trump has said that Taiwan stole the US chip business from the USA, but didn't blame the country, instead placing the blame on former presidents and administrations.

In a new chat with the press in the Oval Office today, President Trump talked about ex-CEO of Intel, Andy Grove, calling him a great man, and that the fall of Intel started once he was finished as CEO.

President Trump said: "I used to read about him when I was a young man, and he did an incredible job. He really dominated the chip business, and then he died, and I guess they had a series of people who didn't know what the hell they were doing and we gradually lost the chip business, and now it's almost exclusively in Taiwan... they stole it from us, they took it from us".

TSMC chairman C.C. Wei says that its US fabs are fully booked through 2027, with its new 2027 production lines also reserved.

The semiconductor champion has expanded its US operations, announcing with President Trump that TSMC would be spending another $100 billion on semiconductor fabs on US soil, and even with these huge investments, Taiwan will not suffer as there are 11 new production lines being built in Taiwan this year alone... but "it is still not enough" says the TSMC founder.

Wei made the new comments during a joint press conference with Taiwan President William Lai, adding that there isn't enough land in Taiwan for TSMC's new semiconductor fabs, to which President Lai said the government would absolutely step in and help provide more land, water, and electricity to TSMC.

NVIDIA's stock took another major hit this week, dropping nearly 9% in a single day, following President Donald Trump's confirmation that new tariffs on imports from Canada, Mexico, and China would go into effect. The sell-off wiped over $200 billion from NVIDIA's market cap, bringing it down to $2.73 trillion, its lowest point since September.

Prior to this, NVIDIA had almost fully recovered from the DeepSeek panic selloff, which saw the company lose $600 billion in market value in January after concerns over low-cost AI competition. However, as reported by Yahoo, this latest drop shows how fragile market sentiment remains.

The new 25% tariffs on Canadian and Mexican imports, alongside a 10% tariff on Chinese goods, have reignited fears of rising manufacturing costs. While NVIDIA's AI chips are produced in Taiwan, which is currently exempt from tariffs, many of its products are assembled in Mexico, meaning these new trade restrictions could impact pricing and supply chains.

President Trump and TSMC just announced the largest single foreign direct investment in US history, with another $100 billion to expand TSMC's operations on US soil.

The ofifcial X account for NVIDIA posted: "TSMC's new fabs will be the foundational pillar of a new technology supply chain centered in the United States. NVIDIA will fully utilize TSMC's global manufacturing network to enhance our supply agility and resilience".

TSMC Chairman and CEO Dr. C.C. Wei, said: "Back in 2020, thanks to President Trump's vision and support, we embarked on our journey of establishing advanced chip manufacturing in the United States. This vision is now a reality. AI is reshaping our daily lives and semiconductor technology is the foundation for new capabilities and applications. With the success of our first fab in Arizona, along with needed government support and strong customer partnerships, we intend to expand our U.S. semiconductor manufacturing investment by an additional $100 billion, bringing our total planned investment to $165 billion".

TSMC has announced its intention to expand its investment in advanced semiconductor manufacturing in the United States, pledging an additional $100 billion.

The company already has $65 billion worth of investments into advanced semiconductor manufacturing operations at its fab in Phoenix, Arizona, with TSMC's total investment in teh US expected to reach $165 billion. This expansion includes plans for 3 new fabrication plants, two new advanced packaging plants, and a major R&D team center, with the company said "solidifying this project as the largest single foreign direct investment in US history".

TSMC expects to create hundreds of billions of dollars of semiconductor value for AI and other cutting-edge chips, with TSMC's expanded investment expected to create 40,000 construction jobs over the next 4 years, as well as creating tens of thousands of high-paying, high-tech jobs in advanced chip manufacturing and R&D on US soil.

NVIDIA and Broadcom are reportedly running manufacturing tests on Intel's new 18A process node, showing some much-needed early confidence for the company and its semiconductor business.

In a new report from Reuters, we're hearing that the two tests haven't been reported previously, and indicate that the companies are moving closer to the decision of whether they'll commit hundreds of millions of dollars worth of manufacturing contracts to Intel Foundry Services (IFS).

NVIDIA and MediaTek are TSMC customers, so winning these two chip giants over would be a huge deal for Intel, while its main CPU competitor in AMD, is "also evaluating whether Intel's 18A manufacturing process is suitable for its needs but it was unclear if it had sent test chips through the factory".

TSMC is expected to begin mass production of its next-gen A16 process node in Taiwan by the second half of 2026, and then "connect Taiwan and the United States" by introducing A16 process production at its third factory in Arizona, USA by 2028.

In a new report from UDN, we're learning that TSMC's first wafer fab in Arizona has begun mass production, with TSMC's Q1 2025 board meeting specially held in the Arizona plant to allow board members to receive first-hand knowledge that mass production was achieved at its new plant in the US.

UDN reports that the market believes that TSMC is showing its attention to the US market, and goodwill to the US government and the new Trump administration. TSMC's next-gen A16 process node is the first angstrom (smaller than nano) process node used by TSMC, with the company's nano process technology named the N series (N3, N4, N5, etc).

AI servers have been used in a fraud case that Singapore announced last week, with NVIDIA AI GPUs that were supplied by US companies like Dell, with banned AI chips from entering China according to a government minister on Monday.

Singapore has charged three men with a fraud case involving smuggling NVIDIA AI GPUs from the city-state to Chinese AI firm DeepSeek. Channel News Asia reports that the cases were linked to the alleged movement of NVIDIA chips from Singapore to be used by DeepSeek, "without identifying its source" reports Reuters.

Singapore's Home Affairs and Law Minister K Shanmugam told reporters on Monday that AI servers involved in the case were supplied by Dell Technologies and Super Micro Computer, before they were sent to Malaysia. He said: "whether Malaysia was the final destination... we do not know for a certain at this point" adding that authorities were investigating the case independently after an anonymous tip-off.

Intel has officially delayed the construction of its new Ohio One semiconductor manufacturing site, delaying the launch of its new fab into the next decade.

The company originally planned its Ohio semiconductor fab for 2025, but moved it to 2027-2028 not too long ago, and now that has been pushed back again until at least 2030. The first phase of the Ohio site (Mod 1) will now be completed in 2030, with production starting between 2030 and 2031, while Mod 2 is expected in 2031, with operations in 2032.

Intel's $28 billion Ohio chipmaking factories are located in New Albany, with the semiconductor fab plan changes made so that Intel can align its factory operations with market demand and "manage capital responsibility" said Naga Chandrasekaran, general manager of Intel Foundry Manufacturing in an email to staffers that was shared in a press release.