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Taiwan signals its chip firms will follow new U.S. rules on China

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Taiwanese semiconductor companies attach "great importance" to complying with the law, the island's government said on Saturday, signaling they would comply with new U.S. export controls that aim to hobble China's chip industry.

The rules announced Friday by President Joe Biden's administration include a measure to cut China off from certain chips made anywhere in the world with U.S. equipment, vastly expanding its reach in its bid to slow Beijing's technological and military advances, AP reported.

Taiwan, a major chip producer, is home to Taiwan Semiconductor Manufacturing Co (TSMC) (2330.TW), the world's largest contract chipmaker and a major supplier to companies including Apple Inc (AAPL.O).

In a statement in response to the U.S. announcement, Taiwan's Economy Ministry said Taiwanese firms were law-abiding.

"Taiwan's semiconductor industry has long served global customers and attaches great importance to compliance with laws," it said.

"In addition to complying with domestic laws and regulations, it will also cooperate with the needs of international customers who place orders and the norms of customers in their countries."

Taiwan's semiconductor industry is a technological leader and continues to "maintain an advantage in the competition for international orders", the ministry said.

The government continues to maintain close contact with manufacturers and supports them in investing in factory expansion and supplying products to the world for technological development, the ministry said.

TSMC declined to comment on the U.S. rules, saying it was in its quiet period ahead of quarterly earnings next week. Smaller competitor United Microelectronics Corp (2303.TW) also declined comment ahead of its earnings release later this month.

Taiwan has its own concerns about China, especially efforts by Chinese companies to poach chip talent and technical know-how. The government tightly restricts Taiwanese chip investment in China, the island's largest trading partner.

Taiwan's worries have gained pace as China mounts regular military drills near the island in an attempt to force it into accepting Beijing's sovereignty.

The United States is Taiwan's most important international supporter and arms supplier, despite the absence of formal diplomatic ties.

Taiwan Economy Minister Wang Mei-hua will visit the United States next week to respond to what her office called "concerns" about supply chains and geopolitical issues. She will visit U.S. tech firms that are major customers of Taiwanese semiconductor companies.

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Albania bans TikTok for a year after killing of teenager

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Albania on Saturday announced a one-year ban on TikTok, the popular short video app, following the killing of a teenager last month that raised fears over the influence of social media on children.

The ban, part of a broader plan to make schools safer, will come into effect early next year, Prime Minister Edi Rama said after meeting with parents' groups and teachers from across the country, Reuters reported.

"For one year, we'll be completely shutting it down for everyone. There will be no TikTok in Albania," Rama said.

Several European countries including France, Germany and Belgium have enforced restrictions on social media use for children. In one of the world's toughest regulations targeting Big Tech, Australia approved in November a complete social media ban for children under 16.

Rama has blamed social media, and TikTok in particular, for fuelling violence among youth in and outside school.

His government's decision comes after a 14-year-old schoolboy was stabbed to death in November by a fellow pupil. Local media had reported that the incident followed arguments between the two boys on social media. Videos had also emerged on TikTok of minors supporting the killing.

"The problem today is not our children, the problem today is us, the problem today is our society, the problem today is TikTok and all the others that are taking our children hostage," Rama said.

TikTok said it was seeking "urgent clarity" from the Albanian government.

"We found no evidence that the perpetrator or victim had TikTok accounts, and multiple reports have in fact confirmed videos leading up to this incident were being posted on another platform, not TikTok," a company spokesperson said.

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Australia’s under-16 social media ban sparks anger and relief

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Australians reacted on Friday with a mixture of anger and relief to a social media ban on children under 16 that the government says is world-leading, but which tech giants like TikTok argue could push young people to "darker corners of the internet".

Australia approved the social media ban for children late on Thursday after an emotive debate that has gripped the nation, setting a benchmark for jurisdictions around the world with one of the toughest regulations targeting Big Tech, Reuters reported.

The law forces tech giants from Instagram and Facebook owner Meta Platforms to TikTok to stop minors from logging in or face fines of up to A$49.5 million ($32 million). A trial of enforcement methods will start in January, with the ban to take effect in a year.

"Platforms now have a social responsibility to ensure the safety of our kids is a priority for them," Australian Prime Minister Anthony Albanese said on Friday

"We're making sure that mums and dads can have that different conversation today and in future days."

Announcing the details of the ban earlier this month, Albanese cited the risks to physical and mental health of children from excessive social media use, in particular the risks to girls from harmful depictions of body image, and misogynist content aimed at boys.

In Sydney on Friday, reaction to the ban was mixed.

"I think that's a great idea, because I found that the social media for kids (is) not really appropriate, sometimes they can look at something they shouldn't," said Sydney resident Francesca Sambas.

Others were more scathing.

"I'm feeling very angry, I feel that this government has taken democracy and thrown it out the window," said 58-year-old Shon Klose.

"How could they possibly make up these rules and these laws and push it upon the people?"

Children, meanwhile, said they would try to find a way around the ban.

"I feel like I still will use it, just secretly get in," said 11-year-old Emma Wakefield.

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Countries including France and some U.S. states have passed laws to restrict access for minors without a parent's permission, but the Australian ban is absolute. A full under-14s ban in Florida is being challenged in court on free speech grounds.

Albanese's Labor party won crucial support from the opposition conservatives for the bill that was fast-tracked through the country's parliament as part of 31 bills pushed through in a chaotic final day of parliament for the year.

The government has said enough notice was given as it first flagged the ban after a parliamentary inquiry earlier this year that heard testimony from parents of children who had self-harmed due to cyber bullying.

But it was criticised by social media firms and some lawmakers who say the bill has lacked proper scrutiny.

A spokesperson for TikTok, which is hugely popular with teen users, said on Friday the process had been rushed and risked putting children into greater danger.

"We're disappointed the Australian government has ignored the advice of the many mental health, online safety, and youth advocacy experts who have strongly opposed the ban," the spokesperson said.

Albanese said on Friday passing the bill before the age verification trial has been completed was the correct approach.

"We've got your back is our message to Australian parents," Albanese said.

"We don't argue that its implementation will be perfect, just like the alcohol ban for under 18s doesn't mean that someone under 18 never has access, but we know that it's the right thing to do."

The ban could strain Australia's relationship with key ally the United States, where X owner Elon Musk, a central figure in the administration of president-elect Donald Trump, said in a post this month it seemed a "backdoor way to control access to the Internet by all Australians".

It also builds on an existing mood of antagonism between Australia and mostly US-domiciled tech giants. Australia was the first country to make social media platforms pay media outlets royalties for sharing their content and now plans to threaten them with fines for failing to stamp out scams.

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South Korea authorities launch probe after three die in Hyundai car test

The Ulsan plant is Hyundai’s biggest manufacturing facility, with its own port and an annual production capacity of 1.4 million vehicles

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South Korean authorities launched an investigation on Tuesday after three people died during a car test at a Hyundai Motor plant in the city of Ulsan, police told Reuters.

The two Hyundai researchers and one Hyundai contractor were found unconscious in a car at around 3:00 p.m. while they were testing it in a "chamber," according to Hyundai's labour union.

South Korean media reports said the three had suffocated.

A police officer in Ulsan said the police and the labour ministry were investigating the incident, including its cause.

A fire department official told Reuters that it first received a report at 3:17 pm that the accident happened at Hyundai's No.4 factory.

"Hyundai Motor Company is deeply saddened by the incident that occurred at our plant in Ulsan, South Korea," Hyundai said in a statement, saying it would "cooperate fully with all relevant authorities to determine the cause of this incident."

The Ulsan plant is Hyundai's biggest manufacturing facility, with its own port and an annual production capacity of 1.4 million vehicles, including exports of 1.1 million units.

In November last year, Hyundai Motor broke ground on a 2 trillion won ($1.44 billion) plant in Ulsan dedicated to making electric vehicles in South Korea, as the automaker accelerated a shift away from petrol-powered cars.

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