Tech
The Economic Impact Of Coronavirus Event Cancellations
Major tech conferences around the world are scrapping their events due to coronavirus. As of early March, the economic impact of these cancellations had surpassed $1.1 billion and since that time, the number has only increased as more events are scrapped everyday. Major cities from San Francisco to New York have banned large gatherings, as diagnoses in the U.S. have soared. It’s undoubtedly a smart move for public safety. But all these cancellations, particularly of major conferences, are taking a huge financial toll.
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The Economic Impact Of Coronavirus Event Cancellations
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A leak by Indian supplier Tata Electronics, purportedly of the yet-to-be-released iPhone 18 Pro models, has become marketing gold for the Chinese government. The Communist Party paper, The Global Times, is using the leak – caused by a cyberattack – as a cautionary tale for Apple and other American companies that are in the process of diversifying their supply chains away from China. CNBC’s Eunice Yoon reports.
00:58 Correction: The location tag should be Beijing, China.
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China’s Swagger After India’s iPhone 18 Leak
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Unstoppable demand for AI is leading to a capacity crunch on factory lines at the world’s leading chip manufacturer, Taiwan Semiconductor. And it could put a chokehold on AI’s ability to scale. Analysts tell CNBC that Nvidia, Apple, Broadcom, AMD and others are locked in an “extremely fierce” competition to get their GPUs, CPUs and custom AI chips made at TSMC. Capacity can’t come online fast enough, despite TSMC’s rush to build new fabs in Taiwan, Japan and Arizona, where has expanded investment to $265 billion. The strain has made one man at TSMC “the most popular person on the planet,” as chip start-ups and big name CEOs visit Taiwan to ask him for wafer allocation. It’s also created a rich opportunity for Intel, as customers look to the long-struggling foundry arm of the U.S. chip manufacturer for a second source.
Chapters:
0:00 Introduction
2:06 ‘Most popular person on the planet’
6:54 Making room for smaller players
9:10 Can new U.S. fabs ease the crunch?
Producer and Reporter: Katie Tarasov
Edited by: Matt Soto, Andrew Evers
Camera: Eddie Temborski, Robert Lampe, Evan Reinhardt
Senior Director of Video: Jeniece Pettitt
Animation: Jason Reginato, Emily Park
Additional Footage: Cerebras, D-Matrix, Getty Images, Intel, Nvidia, OpenAI, SpaceX, TSMC
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Why There’s An ‘Extremely Fierce’ Battle For TSMC’s Limited Chip Manufacturing Capacity
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Warner Music Group, the third-largest music label by market share, is tapping into the South Asian music movement with its latest venture.
CNBC’s Laya Neelakandan explains.
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Micron’s hometown of Boise, Idaho has a growing crop of newly minted millionaires.
The AI-driven memory boom is showing up in the form of job growth, new construction projects, a bustling dining scene and an influx in new residents.
CNBC’s Katie Tarasov explains. Find the full report in related video.
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Half of single Americans say they are going on fewer dates or choosing less expensive activities because of rising costs, according to BMO’s 2026 survey.
But, the cost of dating itself is only part of the story. For millions of users, finding a date means paying for the apps.
Watch the full story in related video.
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@jodojodo8558
January 10, 2024 at 10:22 am
Have you asked yourself "Is this mass hysteria?"
If not – you have not taken the opportunity to critically assess the situation and are guilty of the same biased thinking that conspiracy theorists engage in
@lameekgod5341
January 10, 2024 at 10:22 am
and why is this. its Because America contuine's its Evil ways your bet repent and ask for forgivienes .
@leioforegon5097
January 10, 2024 at 10:22 am
Would love to see an update to this story, now that it's 3 months later and so many Events businesses are closing…this has been at or nearly a 100% loss for millions of people in this industry.
@fredford2530
January 10, 2024 at 10:22 am
After all this, the only people left on highs now since the economy bit slow that why i invested on bitcoin with SAVIORCASHADDERTOOLS on google search i was able to earn up to $2000
@kenlangham337
January 10, 2024 at 10:22 am
Hyperbole of fake news is making weenies out of the spinless you can all go to hell But trust me one way or another God is gonna sort us out for his victory.
@HighExplosiveDualPurpose40mm
January 10, 2024 at 10:22 am
You people need to learn to master independent thought . ..this is exactly what they've been praying for … a coronavirus in a prince's shinning armor ridding in on horseback to save their economic bubble and 80 years worth of inflation
@eugeneendres5846
January 10, 2024 at 10:22 am
Summer 2020: Cancelled
@pulasview7786
January 10, 2024 at 10:22 am
Watch this video and check how you should get ready to face the next economic recession.
https://youtu.be/pgE62DQQ0l8
@khaitran3709
January 10, 2024 at 10:22 am
No risk no reward, should have never shut down the economy. So eat your loss!!
@thiscommentwasposted262
January 10, 2024 at 10:22 am
WHO FARTED?
@thiscommentwasposted262
January 10, 2024 at 10:22 am
It affected me. I was going to charge people to come see me sing and then Corona happened. I had to refund the money for those two ticket purchases.
@ahowell417
January 10, 2024 at 10:22 am
Public safety?! 98% survival rate…
@georgehernandez4079
January 10, 2024 at 10:22 am
China fault ….
@lovinghusband1
January 10, 2024 at 10:22 am
CNBC selling out, China's death toll number is fake
@ahmedsyam9066
January 10, 2024 at 10:22 am
I want a written report about this video, whose can help me don't hesitate, please
@alexadjekum1543
January 10, 2024 at 10:22 am
The negative effects of this virus haven’t even begin yet
@rawrtroll4600
January 10, 2024 at 10:22 am
There's only been a drop of cases of COVID 19 in china because China's government decided to stop recording any new cases
@AmitSingh-fl1cs
January 10, 2024 at 10:22 am
china should be imposed war charges
same on china
@lenziany
January 10, 2024 at 10:22 am
This economy earthquake is starting to happen around the globe..
@MIKEDIAMONDZ
January 10, 2024 at 10:22 am
😱
@shrek_2_on_dvd699
January 10, 2024 at 10:22 am
This is all so unnecessary
@Tougef30
January 10, 2024 at 10:22 am
I just want to work out
@SweetPeachannel
January 10, 2024 at 10:22 am
Pls Corona … I want this over soon please!!!!
@motilaljoshi8452
January 10, 2024 at 10:22 am
what if I tell you that summer is not cancelled, we still can live normal as we were before? I have found way to stop spread of corona virus and also to save our economy. with one product & a simple action plan, we can eliminate corona and the save world. Please let me know if we can discuss http://www.saffronshield.com
@remcovanek2
January 10, 2024 at 10:22 am
All this panic about the state of the economy, not the state of our planet.
@Bloated_Tony_Danza
January 10, 2024 at 10:22 am
Am I the only one who’s having a good time?
@ev3287
January 10, 2024 at 10:22 am
These events can be held next year if possible because they are big and bring in tons of cash so businesses are more then likely to take a shot at it but still this is tragic not only to the businesses themselves but to the people
@ev3287
January 10, 2024 at 10:22 am
Where my chs people at
@dogshitgaming6969
January 10, 2024 at 10:22 am
Nuke China
@justynlie6085
January 10, 2024 at 10:22 am
Can someone give some summary about this news?
@kevinstevenson4326
January 10, 2024 at 10:22 am
This virus is getting ridiculous.
@katepaton2252
January 10, 2024 at 10:22 am
Nice companies losing money and it's nothing compared to what they have .
And i hope these companies lose all of there money because they don't care about there employees.
@kashs260tv
January 10, 2024 at 10:22 am
Disneyland is closed. I can sleep better without those f ing fireworks every night and there's almost no traffic here and I can breath cleaner air. Keep it closed. Make America rural again.
@yurij1942
January 10, 2024 at 10:22 am
This is so irrelevant and absurd in comparison to the thousand of lives lost