In a climate of international mistrust over how the US government handles Internet data, the US Department of Commerce on Monday said that it would delay by at least a year its plan to cede authority over the global address system for the Web.
The Internet domain name system assigns suffixes like .com and .org, along with strings of numbers that serve as their Internet domain addresses.
Since 1998, the department has contracted with an international nonprofit group, called the Internet Corp for Assigned Names and Numbers (ICANN), to administer the system, although it planned eventually to transfer its oversight to private management.
That planned transition took on heightened significance in 2013 after revelations by Edward Snowden, a former government contractor, that the US National Security Agency had been spying on Internet traffic passing through the US.
Although the spying programs were not linked to the administration of domain name addresses, the revelations spurred calls for the US to transfer control to an international group.
The department subsequently said it would turn over stewardship of the system this fall to an international group whose structure was to be worked out between the interested parties, such as private companies, large Internet users, purchasers of domain names and civil society groups.
The department said the new governing body could not be a government-led or intergovernmental organization.
It also stipulated that the new group must maintain the structure and stability of the domain name system, along with “the openness of the Internet.”
However, in a blog post on Monday, a department official said that the plan to move to international management needed more work.
As a result, he said, the department would renew its contract with ICANN for at least a year — with an option to renew for an additional three years.
“It has become increasingly apparent over the last few months that the community needs time to complete its work, have the plan reviewed by the US government and then implement it if it is approved,” US Assistant Secretary of Commerce for Communications and Information Lawrence Strickling wrote in the post.
“This one-year extension will provide the community with the time it needs to finish its work,” he added.
An ICANN spokesman said the contract extension was expected.
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
NEW MARKET: The partnership opens up India to the Dutch company, which already has a strong hold in the semiconductor market of South Korea, Taiwan and China ASML Holding NV entered into a partnership agreement with Tata Electronics Pvt Ltd aimed at ramping up India’s goal to develop domestic chip-manufacturing capabilities. The Dutch company’s technology would help power Tata Electronics’ planned 300 millimeter (mm) semiconductor foundry in Gujarat, according to a joint statement from the two companies on Saturday. The signing of a memorandum of understanding coincides with a visit by Indian Prime Minister Narendra Modi to the Netherlands, which is looking to deepen bilateral relations with New Delhi. ASML, whose top customers include Taiwan Semiconductor Manufacturing Co (台積電) and Samsung Electronics Co, makes lithography machines that can print
PORTFOLIO REBALANCING: The adjustments in three global equity indices reflect rising investor appetite for semiconductor and artificial intelligence-related stocks Taiwan’s weighting in major global equity indices compiled by MSCI Inc is to rise modestly following the latest quarterly review, underscoring the market’s expanding role in emerging-market portfolios, as global investors continue to favor the nation’s technology sector. Taiwan’s weighting in the MSCI Emerging Markets Index is to increase by 0.30 percentage points to 23.76 percent, after the changes take effect at the close of the May 29 session. Its weighting in the MSCI All-Country Asia ex-Japan Index is to rise 0.37 percentage points to 27.16 percent, while that in the MSCI All Country World Index is to edge up slightly to
The Hsinchu County Government’s Labor Affairs Department yesterday said that it has received a plan from cosmetics brand Taiwan Shiseido Co (台灣資生堂) detailing mass layoffs at its plant in Hukou Township (湖口). While the labor authorities did not disclose the number of employees to be laid off, Japanese news media earlier in the day reported that the closure of the company’s factory in Hukou would result in 170 employees losing their jobs. Shiseido followed the law by reporting its layoff plan, the department said, adding that authorities would closely monitor negotiations between the management and affected employees and step in if any