The world’s most powerful Internet and media barons gather in Paris tomorrow in a show of strength to leaders at the G8 summit, amid international rows over online access, copyright and regulation.
Top executives from online giants like Google, Facebook and Microsoft will tout the economic potential of the Internet, which their host, French President Nicolas Sarkozy, has put on the agenda of the G8 summit two days later.
After tomorrow and Wednesday’s “e-G8” bash, some of the biggest names will then meet with G8 leaders at the summit in Deauville, France, on Thursday and Friday, a French presidential official said.
“For the first time, voices of companies, thinkers and major players who build the Internet will be heard at the highest levels of world politics,” said a statement by PR firm Publicis, commissioned by Sarkozy to organize the e-G8.
With blogs and Tweets oiling the wheels of revolutions in some countries, and scans and downloads sparking trade disputes in others, the stakes are high for leaders seeking to promote and profit from the Web, but also to regulate it.
The e-G8 “aims to enlighten and to nourish the discussions of the heads of G8 nations with the vision of the Web actors regarding the Internet’s importance and impact on society and the economy,” the organizers said.
However, some bloggers and activists saw the e-G8 not as a gesture of openness, but a bid to tighten governments’ grip on the Internet for power and money.
“Under the guise of a pseudo-consultative process, it is the governments’ desire to control the Internet a bit more that is becoming apparent,” French Internet freedom campaign group Le Quadrature du Net wrote on its Web site. “Behind the smokescreen of this ‘forum,’ citizens must hold world leaders more responsible for their actions and denounce the many continual breaches of their liberties.”
Authorities in several countries have clashed with Google, the world’s biggest Internet search engine, notably in China, where the company accused the government of hacking dissidents’ e-mail accounts.
France is expected to propose a statement in Deauville on “respecting freedoms” on the Web, a French official said — a jab at censorship in rising world powers such as China.
However, while acknowledging the Internet’s power as a force for freedom elsewhere, Western countries’ differ on how to harness or curb it on their own doorsteps.
Media freedom campaigners including Reporters Without Borders have criticized moves by some- -European countries, such as a recent French law making Web users liable to prosecution if they illegally download films and music.
German and Italian regulators have placed restrictions on Google’s Street View, over privacy concerns for people photographed in its online street maps.
In France, several publishers accuse Google of scanning their copyrighted books for its online library, although one major publisher, Hachette Livre, has struck a deal with the Californian company.
Sarkozy has called for “a civilized Internet” and has proposed another gathering, on online copyright protection, ahead of the November meeting of leaders of the G20, a bigger club of rich and emerging powers.
This drive may worry the US, sensitive to talk of regulation.
The e-G8 guests include the executive chairman of Google, Eric Schmidt; the founder of social site Facebook, Mark Zuckerberg; and Jeff Bezos, founder of online retail giant Amazon. Microsoft will also be represented.
Also attending is Rupert Murdoch, the billionaire head of the global media empire News Corp, which includes Fox News and the Wall Street Journal, and dubbed by Forbes magazine “the man who owns the news.”
Murdoch’s recent decision to start charging for content on news Web sites rattled the media world, where companies are struggling to work out how to make money from journalism in the Internet age.
France touted the meetings of the e-G8 and the G8 as an unprecedented meeting of the online and political worlds.
“The wish of the heads of state is to hear the world’s top Internet figures talk about their vision for the future so that they can incorporate it in their own decisions,” a French presidential official told reporters.
Shares of contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) came under pressure yesterday after a report that Apple Inc is looking to shift some orders from the Taiwanese company to Intel Corp. TSMC shares fell NT$55, or 2.4 percent, to close at NT$2,235 on the local main board, Taiwan Stock Exchange data showed. Despite the losses, TSMC is expected to continue to benefit from sound fundamentals, as it maintains a lead over its peers in high-end process development, analysts said. “The selling was a knee-jerk reaction to an Intel-Apple report over the weekend,” Mega International Investment Services Corp (兆豐國際投顧) analyst Alex Huang
TRANSITION: With the closure, the company would reorganize its Taiwanese unit to a sales and service-focused model, Bridgestone said Bridgestone Corp yesterday announced it would cease manufacturing operations at its tire plant in Hsinchu County’s Hukou Township (湖口), affecting more than 500 workers. Bridgestone Taiwan Co (台灣普利司通) said in a statement that the decision was based on the Tokyo-based tire maker’s adjustments to its global operational strategy and long-term market development considerations. The Taiwanese unit would be reorganized as part of the closure, effective yesterday, and all related production activities would be concluded, the statement said. Under the plan, Bridgestone would continue to deepen its presence in the Taiwanese market, while transitioning to a sales and service-focused business model, it added. The Hsinchu
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) has approved a capital budget of US$31.28 billion for production expansion to meet long-term development needs during the artificial intelligence (AI) boom. The company’s board meeting yesterday approved the capital appropriation plan for purposes such as the installation of advanced technology capacity and fab construction, the world’s largest contract chipmaker said in a statement. At an earnings conference last month, TSMC forecast that its capital expenditure for this year would be at the higher end of the US$52 billion to US$56 billion range it forecast in January in response to robust demand for 5G, AI and
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) investment project in Arizona has progressed better than expected, but it still faces challenges such as water and labor shortages, National Development Council (NDC) Minister Yeh Chun-hsien (葉俊顯) said yesterday. Speaking with reporters after visiting TSMC’s Arizona hub and attending the SelectUSA Investment Summit in Maryland last week, Yeh said TSMC’s Arizona site turned a profit of NT$16.14 billion (US$514 million) last year in its first full year of mass production. “TSMC told me it was surprised by the smooth trial run of the first fab, which has left the company optimistic about the project’s outlook,”
RSS