Plus, a Chinese-owned ship severs an undersea cable near Taiwan, and chip stocks surge after Foxconn posts record earnings. James Rundle hosts.
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[00:00:01] Here's your TNB Tech Minute for Monday, January 6th. I'm James Rundle for The Wall Street Journal.
[00:00:07] Disney has agreed to combine its Hulu Plus live streaming service with sports-focused FuboTV.
[00:00:12] Under the agreement, Disney will own roughly 70% of FuboTV, whose management will stay in place and run the new venture.
[00:00:19] The two services will continue to be offered separately to their combined audience of more than 6.2 million subscribers in North America.
[00:00:25] The agreement will also end pending litigation over Venue Sports, a joint streaming venture between Disney's ESPN, Warner Brothers Discovery and Fox.
[00:00:36] FuboTV sued to block that venture in February. Fox and The Wall Street Journal's parents, News Corp, share common ownership.
[00:00:43] A Chinese-owned ship cut an undersea fibre-optic cable near Taiwan. That's according to Taiwanese authorities, who said they couldn't rule out that it was intentional.
[00:00:51] Taipei said its Coast Guard tracked the vessel and identified it as Chinese-owned, but couldn't board it due to weather conditions.
[00:00:59] China has operated a multi-faceted campaign of political and economic pressure against Taiwan in recent years, which it regards as its sovereign territory.
[00:01:07] Beijing's Taiwan Affairs Office didn't respond to a request for comment.
[00:01:11] Internet service to Taiwan was largely unaffected, but the incident is the latest of several involving undersea cables being severed and pipelines damaged in recent years.
[00:01:20] And global chip stocks climbed after Foxconn, a major contractor for Nvidia and Apple, posted record earnings.
[00:01:27] Nvidia and Advanced Micro Devices were up more than 3%, and Micron Technology rose more than 10%, after Foxconn said its quarterly revenue rose 15% on the year.
[00:01:37] The Taiwan-listed company said it saw growth in almost all of its major sales segments, driven by demand for servers used to power artificial intelligence.
[00:01:46] For a deeper dive into what's happening in tech, check out Tuesday's Tech News Briefing podcast.
[00:01:50] You'll be left off delivery on this month and Peroven event instead as on Monday and past this last chapter 2.
[00:01:51] We pray for 55.ared,