Thousands of people on Saturday protested in Spain’s Balearic Islands against mass tourism ahead of the summer travel season.
Holding posters reading “SOS Residents” and “Enough Mass Tourism,” protesters marched through Palma, the capital of the largest Balearic Island, Mallorca.
About 10,000 demonstrators took part, a Spanish National Police spokesperson said.
Photo: Reuters
A smaller protest with a few hundred people was staged in Menorca.
“We want the authorities to stop people who have not lived here more than five years from buying properties and to put more controls on holiday accommodation,” said Carme Reines, from a collective that organized the protest in Palma.
Real-estate agent Javier Carbonell said more than half of rental properties were used for holiday rents and were not affordable for locals.
“We want less mass tourism and more sustainable tourism,” Carbonell said.
After Catalonia, the Balearic Islands was the second-most popular region of Spain for tourists last year, attracting 14.4 million people, the Spanish National Statistics Institute said.
About 18 million tourists visited Catalonia and 13.9 million people visited the Canary Islands.
Tourism generates 45 percent of the Balearic Islands’ GDP, data from industry organization Exceltur showed.
On Friday, about 1,000 protesters took part in a demonstration against mass tourism in Ibiza, one of the most popular Balearic Islands.
“We want a limit on new tourist places and a ban on more illegal flats. With less flats around on the market, it pushes up the price,” said Rafael Gimenez, a spokesman for Prou Ibiza, which organized Friday’s protest.
Last month, thousands of people protested in the Canary Islands, calling for a temporary limit on tourist arrivals to stem a boom in short-term holiday rentals and hotel construction that is increasing housing costs for locals.
Nvidia Corp’s demand for advanced packaging from Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) remains strong though the kind of technology it needs is changing, Nvidia CEO Jensen Huang (黃仁勳) said yesterday, after he was asked whether the company was cutting orders. Nvidia’s most advanced artificial intelligence (AI) chip, Blackwell, consists of multiple chips glued together using a complex chip-on-wafer-on-substrate (CoWoS) advanced packaging technology offered by TSMC, Nvidia’s main contract chipmaker. “As we move into Blackwell, we will use largely CoWoS-L. Of course, we’re still manufacturing Hopper, and Hopper will use CowoS-S. We will also transition the CoWoS-S capacity to CoWos-L,” Huang said
Nvidia Corp CEO Jensen Huang (黃仁勳) is expected to miss the inauguration of US president-elect Donald Trump on Monday, bucking a trend among high-profile US technology leaders. Huang is visiting East Asia this week, as he typically does around the time of the Lunar New Year, a person familiar with the situation said. He has never previously attended a US presidential inauguration, said the person, who asked not to be identified, because the plans have not been announced. That makes Nvidia an exception among the most valuable technology companies, most of which are sending cofounders or CEOs to the event. That includes
TARIFF TRADE-OFF: Machinery exports to China dropped after Beijing ended its tariff reductions in June, while potential new tariffs fueled ‘front-loaded’ orders to the US The nation’s machinery exports to the US amounted to US$7.19 billion last year, surpassing the US$6.86 billion to China to become the largest export destination for the local machinery industry, the Taiwan Association of Machinery Industry (TAMI, 台灣機械公會) said in a report on Jan. 10. It came as some manufacturers brought forward or “front-loaded” US-bound shipments as required by customers ahead of potential tariffs imposed by the new US administration, the association said. During his campaign, US president-elect Donald Trump threatened tariffs of as high as 60 percent on Chinese goods and 10 percent to 20 percent on imports from other countries.
INDUSTRY LEADER: TSMC aims to continue outperforming the industry’s growth and makes 2025 another strong growth year, chairman and CEO C.C. Wei says Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), a major chip supplier to Nvidia Corp and Apple Inc, yesterday said it aims to grow revenue by about 25 percent this year, driven by robust demand for artificial intelligence (AI) chips. That means TSMC would continue to outpace the foundry industry’s 10 percent annual growth this year based on the chipmaker’s estimate. The chipmaker expects revenue from AI-related chips to double this year, extending a three-fold increase last year. The growth would quicken over the next five years at a compound annual growth rate of 45 percent, fueled by strong demand for the high-performance computing