(Reuters) – SoftBank (TYO:) Group’s Arm Holdings (NASDAQ:) plans to develop artificial-intelligence chips, seeking to launch the first products in 2025, Asia reported on Sunday.

UK-based Arm will set up an AI chip division and aim to build a prototype by spring 2025, the report added. Mass production will be handled by contract manufacturers and is expected to start in the autumn of 2025, Nikkei Asia said.

Arm will pay for initial development costs, which may go up hundreds of billions of yen, with SoftBank also contributing, the report said.

Once a mass-production system is established, the AI chip business could be spun off and placed under SoftBank, the newspaper said, adding that SoftBank is already negotiating with Taiwan Semiconductor Manufacturing Corp and others over manufacturing, looking to secure production capacity.

Arm, SoftBank and TSMC did not immediately respond to requests for comment.

The UK chip designer, which licenses its chip designs and earns funds through royalties, has been expanding into the data center market where operators are looking to build their own chips to power new AI models and reduce their reliance on dominant supplier Nvidia (NASDAQ:).

By Jacob Gronholt-Pedersen

MALMO, Sweden (Reuters) -Thousands of people protested in Malmo on Saturday against Israel’s participation in Eurovision Song Contest, with the Israeli military campaign in Gaza casting a shadow over the final of the glitzy contest.

Eurovision organisers, who always bill the annual event as non-political, have resisted calls to exclude Israel, but requested that the lyrics of its entry be changed to remove what organisers called references to the deadly Hamas attack on Oct. 7 that triggered the war.

A large crowd of protesters gathered on the central square of the Swedish host city before marching towards the contest venue, waving Palestinian flags and shouting “Eurovision united by genocide” – a twist on the contest’s official slogan “United by music”.

“It’s important to show, like, we are going to stand on the right side for everyone. This could be any other country and we would still be standing here because this is about children, men and women who have been occupied for so many years,” said one protester on Saturday, Maryam, who gave only her first name.

Police estimated that between 6,000 and 8,000 people joined the demonstration.

The final, the culmination of the festival of catchy songs, gaudy costumes and tongue-in-cheek kitsch, kicks off at 1900 GMT.

There have been increasingly vocal protests abroad against Israel’s war in Gaza, including on U.S. college campuses in recent weeks.

In Malmo, French singer Slimane halted his rehearsal act on Saturday to say it had been a childhood dream of his to sing for peace.

“We need to be united by music,” Slimane said, referring to the official Eurovision slogan, followed by cheering from the crowd in the auditorium.

More than 10,000 pro-Palestinian campaigners, including climate activist Greta Thunberg, staged a non-violent protest ahead of the semi-final on Thursday.

A smaller group of pro-Israeli supporters, including members of Malmo’s Jewish community, also staged a peaceful demonstration on Thursday, defending Israeli solo artist Eden Golan, 20, and her right to take part in the contest.

Pro-Palestinian protesters have complained of double standards as the European Broadcasting Union (EBU) that organises the contest banned Russia from Eurovision in 2022 following its invasion of Ukraine.

Some 1,200 people were killed and more than 250 people taken hostage in the Oct. 7 Hamas attack, according to Israeli tallies. Prime Minister Benjamin Netanyahu has said his country will not stop the war until Hamas is eliminated.

Israel’s military operation in Gaza has killed close to 35,000 Palestinians, according to Gaza’s health ministry, in a bombardment that has laid waste to the coastal enclave.

DUTCH FANS DISAPPOINTED

In another Eurovision controversy this year, Dutch contestant Joost Klein was expelled on Saturday from the competition final after a complaint by a member of the production crew, the EBU said.

“While the legal process takes its course, it would not be appropriate for him (Joost) to continue in the Contest,” the EBU said in a statement.

A representative for Klein did not immediately respond to a request for comment.

According to Dutch broadcaster AVROTROS, Klein was filmed despite clearly made agreements, just after getting off stage after his performance at Thursday’s semi final.

“This wasn’t respected,” AVROTROS said in a post on social media platform X, adding “This led to a threatening movement from Joost towards the camera.”

Klein did not touch the camerawoman, according to AVROTROS, who said it found the artist’s penalty “very heavy and disproportionate.”

A Dutch fan, Frank Zwarthoed, said: “We are very, very, very disappointed…And it’s not good for the for the joy, we have in all the Dutch fans here that are present.”

Dutch viewers will still be allowed to vote for other contestants and the Dutch jury result will still be included in the final, the EBU has said.

Bookmakers have Croatia’s Baby Lasagna, real name Marko Purišić, 28, with “Rim Tim Tagi Dim”, as front-runner to win the contest, followed by Israel’s Golan, with her song “Hurricane”.

Some booing was heard from the crowd before, during and after Golan’s performance in the semi-finals on Thursday, but there was also applause and Israeli flags being waved, according to a Reuters journalist in the auditorium.

By Moayed Kenany, Timour Azhari and Adam Makary

BAGHDAD (Reuters) -Chinese companies won bids to explore five Iraqi oil and gas fields on Saturday in a licensing round for hydrocarbon exploration that was primarily aimed at ramping up gas production for domestic use.

An Iraqi Kurdish company also took two of the 29 projects up for grabs in the three-day licensing round across central, southern and western Iraq, which for the first time includes an offshore exploration block in the country’s Arab Gulf waters.

Iraq aims to lure billions of dollars of investments to develop its oil and gas sector as it looks to ramp up local petrochemicals production and end imports of gas from neighbouring Iran that are currently key to producing power.

More than 20 companies pre-qualified for the licensing round, including European, Chinese, Arab and Iraqi groups.

There were notably no U.S. oil majors involved, even after Iraqi Prime Minister Mohammed Shia met with representatives of U.S. oil firms during an official visit to the United States last month.

Five bids were won on Saturday by Chinese companies.

Zhongman Petroleum and Natural Gas Group (ZPEC) took the northern extension of the Eastern Baghdad field, in Baghdad, and the Middle Euphrates field that straddles the southern Najaf and Karbala provinces, the oil ministry said.

China’s United Energy Group Ltd won a bid to develop the Al-Faw field in southern Basra, while ZhenHua won a bid to develop Iraq’s Qurnain field in the Iraqi-Saudi border region and Geo-Jade won a bid to develop Iraq’s Zurbatiya field in the Wasit.

Two oil and gas fields were taken by Iraq’s KAR Group – the Dimah field in eastern Maysan province, and the Sasan & Alan fields in Iraq’s northwestern Nineveh province – the ministry said.

Around 20 more projects are open for bidding on Sunday and Monday.

Falah Al-amri, the Iraqi prime minister’s advisor for oil and gas issues, said the government hoped the new projects would raise oil production to 6 million barrels per day by 2030 from around 5 million now.

The government also wants the projects to produce enough so that, along with plans to all-but eliminate gas flaring by 2030, Iraq could end imports.

“Its too early to talk about (gas) exports. We want to get self-sufficient,” Al-amri told Reuters.

Iraq, OPEC’s second-largest oil producer after Saudi Arabia, at one time had targeted becoming a rival to the Gulf Arab kingdom with output of over a tenth of global demand.

But its oil sector development has been hampered by contract terms viewed as unfavourable by many major oil companies as well as recurring conflict and political paralysis.

Growing investor focus in recent years on environmental, social and governance criteria have also had an effect.

Western oil giants such as Exxon Mobil Corp (NYSE:) and Royal Dutch Shell (LON:) Plc have departed from a number of projects in Iraq while Chinese companies have steadily expanded their footprint.