Business, Financial & Legal News - Page 1

TSMC's 3nm supply exceeds demand right now, with major US tech companies including AMD, Apple, NVIDIA, Qualcomm, and more have full production capacity, with orders expected to be filled through to 2026.

In a new report from Ctee, we're learning that TSMC's 3nm OEM price adjustment is expected to be "more than" 5%, and that the annual quotation for advanced packaging in 2026 will also increase, between 10-20% or so. TSMC's stock price closed at 922 yuan (around $129 USD or so), leading TSMC's market value to rise to a record 23.91 trillion yuan (around $894 billion USD or so).

Foreign investors have purchased around 395,000 units this year, with TSMC chairman Wei Zhejia's "value theory" cemented in, and will increase the advanced processing and packaging technologies, which is expected to be a "double success".

The usual lifespan of solar panels is estimated to be between 20 and 40 years, with efficiency and power generation degrading over time. However, installation in France from 1992 is still pumping away with 79% of their output.

Technicians dismantled the vintage 10-square-meter 1-kilowatt solar array last year, running the solar panels through rigorous lab testing per international standards and finding impressive results. Even after 31 years of service, an average of 79.5% of the initial rated power output is achieved.

Solar panel manufacturers usually guarantee around 80% of their original performance for up to 25 years, but the "Phébus 1" solar system has been running for 31 years and counting, with an average annual decline of just 0.66%. The solar system celebrated its 20th anniversary of installation back in 2012, with the panels pumping 91.7% of their rated output, but with the years clicking away the drop-off in efficiency has increased on particular modules.

Well... the United States House of Representatives passed a ban on future sales of DJI drones in the US on Friday, which means we're looking down the barrel of a DJI ban in the US coming into effect under the "Countering CCP Drones Act."

The upcoming "Countering CCP Drones Act" is a part of the United States' 2025 National Defense Authorization Act (FY25 NDAA) which is a major piece of yearly legislation put aside for defense spending in the year ahead. DJI is a Chinese-owned company with a gigantic 70% of the world's drone market share, making US lawmakers a little nervous.

Around 6% of DJI stock is owned by Chinese state-owned businesses, which is leading to fears that the Chinese government has backdoors in DJI drones flying over US soil, national security risks, and other worries about China's surveillance. Another big issue is that US lawmakers are worried that DJI's continued success would strengthen the Chinese economy.

Valve Corporation is being sued for £656 million (around $843 million USD or so) with the largest digital distribution platform for PC gamers being accused of using its market dominance to overcharge 14 million PC gamers in the UK.

Vicki Shotbolt, a digital rights campaigner who is bringing the case, said: "Valve is rigging the market and taking advantage of UK gamers". The claim has been filed with the Competition Appeal Tribunual in London, accusing Valve of "shutting out" competition in the PC gaming market.

They're claiming that Valve "forces" game publishers to sign up to price parity obligations, which prevents games from being sold at cheaper prices on rival digital platforms. Shotbolt said that this has enabled Steam to charge an "excessive commission of up to 30%" making UK consumers pay too much to buy PC games and add-on content for those games.

At WWDC Apple unveiled its impending iOS 18 update schedule to be rolled out later this year will feature integration with OpenAI's ChatGPT, and as you would probably imagine, the deal between the two companies would have included millions of dollars. However, that reportedly isn't the case.

Known Apple insider and Bloomberg reporter Mark Gurmann has published a new article explaining the deal between OpenAI and Apple for integrating ChatGPT into the next version of Apple's operating system didn't involve a single penny of money. How? Apple simply views giving OpenAI access to its customer base as a commodity.

According to anonymous sources talking to Gurmann, "Apple believes pushing OpenAI's brand and technology to hundreds of millions of its devices is of equal or greater value than monetary payments." In fact, Apple will likely benefit monetarily when it rolls out generative AI capabilities to consumers, which will likely cost them a payment in some form. Gurmann also points out that as more people use ChatGPT the more OpenAI's expenses increase as it pays Microsoft to host the AI-powered service on its Azure servers.

X is reportedly coming after its former employees for being allegedly overpaid through currency conversion between the US and Australian dollars.

The Sydney Morning Herald reported that laid-off Australian X workers received an email from Elon Musk's social media platform requesting that they return entitlements that were overpaid to them. The former employees received emails from X's Asia Pacific human resources department, which stated there was a "significant overpayment in error in January 2023". Notably, the company is requesting anywhere between $1,500 and $70,000 for each employee.

As you can probably imagine, a total number of zero employees have paid back the requested amount, according to the Sydney Morning Heral. More specifically, X said the overpayment is related to the "deferred cash compensation" that occurred when the company issued employees shares when the employee joined then-Twitter. "These shares were valued at $US54.20 ($82) each, the price at which Musk bought Twitter in 2022, and the total number of shares acquired by an employee was based on the length of their tenure at the company."

ASML has announced more plans for a new lithography tool of the fut ure, something that will extend design limits for the very highest transistor-density chips.

ASML's former president, Martin van den Brink, surprised experts with the announcement of a next-gen "Hyper-NA" EUV lithography technology that is still "in the early stages of development," according to global R&D organization imec, which is working closely with ASML, reports EE Times.

ASML's former president, Martin van den Brink, said in a May presentation at imec's ITF World in Antwerp: "Moving forward long term, we need to improve our illumination system, and we have to go to Hyper-NA. In parallel, we have to drive the productivity on all of our systems to 400 to 500 wafers per hour".

The US government is considering further restrictions on China's access to chip technology required for AI, aiming at new hardware that's hitting the market: GAA (Gate-All-Around) technology and HBM, two key parts of AI chips.

China would have its access to Gate-All-Around (GAA) transistor technology blocked, which is used to manufacture bleeding-edge chips, as well as access to High Bandwidth Memory (HBM), which comes in many forms: HBM3 has been powering NVIDIA's current-gen Hopper H100, while ultra-fast HBM3E is inside Blackwell B200, and HBM4 is coming shortly.

GAA nanosheet technology improves density while providing power and performance improvements, but it's only used on the most cutting-edge process nodes. Samsung has been using GAA technology with its 3nm node, Intel will use GAA in its upcoming Intel 20A node, and TSMC will use GAA with its upcoming A16 process node.

Intel is reportedly halting plans on a new chipmaking facility in Israel, that would've come at a cost of $25 billion.

The news is coming from Israeli financial news website Calcalist, with Intel neither confirming or denying the news. Intel was asked about the report into its facility in Israel, with an Intel spokesperson saying in a statement: "Israel continues to be one of our key global manufacturing and R&D sites and we remain fully committed to the region.

"Managing large-scale projects, especially in our industry, often involves adapting to changing timelines. Our decisions are based on business conditions, market dynamics and responsible capital management".

NVIDIA now has a market cap of over $3 trillion, thanks to the insatiable AI GPU demand that has been fueling the money for the last 12 months.

NVIDIA stock has increased by over a whopping 3224% in the last 5 years, with the company splitting its stock 10-to-1 later this month. NVIDIA isn't the only one in the $3 trillion+ milestone club, with Apple hitting $3 trillion in market cap during intraday trading in January 2022, while Microsoft hit $3 trillion in January 2024.

It was only back in February 2024 that NVIDIA reached a $2 trillion market cap... and now, just months later, another $1 trillion has been added for the glorious milestone of $3+ trillion. This is all with the current-gen Hopper H100 AI GPU absolutely dominating -- with estimates that NVIDIA has 90%+ of the AI GPU market share -- with the beefed-up H200 AI GPU coming soon, and the next-gen Blackwell GPU architecture coming soon.