Critical infrastructure

Samsung faces tough shareholder meeting over AI struggles

Samsung Electronics faces a challenging annual general meeting as shareholders express frustration over its failure to capitalise on the AI boom.

Despite being South Korea’s most valuable company, Samsung’s stock tumbled nearly a third last year, making it one of the worst-performing tech firms.

Executives, including Co-CEO Han Jong-hee, will address concerns over lagging innovation, competition in semiconductor technology, and strategies to counter US tariffs.

Internal discussions at Samsung have revealed concerns about losing its technological edge, particularly in high bandwidth memory (HBM) chips, where it trails rival SK Hynix.

Chairman Jay Y. Lee reportedly criticised the company for focusing on maintaining the status quo rather than driving major innovation.

A stagnation like this has contributed to Samsung losing market share to competitors like TSMC in chip manufacturing and Apple in smartphones.

Adding to its challenges, Samsung has warned of sluggish AI chip sales due to US export restrictions to China, its biggest market. This puts the company at greater risk from potential US tariffs on Chinese trade.

In an attempt to regain investor confidence, Samsung launched a $7.2 billion share buyback plan in November, which has helped its stock recover slightly. However, shareholders remain sceptical about its future growth strategy.

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US launches national security unit to combat cyberattacks on telecom sector

The Federal Communications Commission (FCC) has launched a national security unit in response to recent cyber incidents affecting US telecommunications firms.

These incidents, attributed to a group known as Salt Typhoon, involved unauthorised access to sensitive data and communications.

The newly formed unit will be led by Adam Chan, FCC’s national security counsel, and will include representatives from eight different bureaus and offices within the agency. The council’s objectives are to:

  • Reduce reliance on foreign entities in the US telecom and technology supply chains.
  • Address vulnerabilities related to cyber threats, espionage, and surveillance.
  • Support U.S. leadership in critical technologies, including 5G, satellites, quantum computing, IoT, and robotics.

Cybersecurity experts have emphasised the importance of securing digital infrastructure against advanced threats. The telecommunications sector, despite its established cybersecurity measures, continues to face persistent and evolving risks.

Recent reports indicate that Salt Typhoon has continued targeting US telecom networks, with activity observed as recently as February.

The FCC has taken several steps in recent months to enhance industry security, and the formation of this council represents a further effort to strengthen resilience.

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BMW to equip cars with Huawei HiCar system

BMW will integrate Huawei’s HiCar system into its locally produced models starting in 2026, strengthening its presence in the Chinese market.

The partnership will enable seamless connectivity between Huawei devices and BMW vehicles, enhancing smart driving applications through the Harmony operating system.

The German automaker emphasised its commitment to deeper collaboration with Chinese partners, aiming to integrate them more closely into its global innovation network.

By working with local suppliers, BMW seeks to foster long-term cooperation and technological advancement in one of the world’s largest automotive markets.

An approach that aligns with BMW’s broader strategy of leveraging local expertise to remain competitive in a fast-evolving automotive landscape.

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Infosys resolves cybersecurity lawsuits in the US

Indian IT services giant Infosys has settled lawsuits filed against its US subsidiary, Infosys McCamish Systems, for $17.5 million. The lawsuits stem from a cyber incident that occurred in November 2023, which resulted in the compromise of personal data. The company has agreed to pay the settlement into a fund that will resolve all claims related to the breach.

The breach, which involved unauthorised access and data exfiltration, affected up to 6.5 million individuals. Following the incident, Infosys McCamish in the US, in coordination with a third-party vendor, took steps to address the issue and limit the damage caused by the cyberattack.

This settlement marks a significant step for Infosys in resolving the ongoing legal issues stemming from the 2023 incident. The Indian company has worked to resolve the situation while continuing to bolster its cybersecurity measures to prevent future breaches.

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Europe’s tech giants push for sovereign fund

More than 90 European technology companies and lobby groups, including Airbus and Dassault Systèmes, have called on European Commission President Ursula von der Leyen to establish a sovereign infrastructure fund.

In an open letter dated 14 March, they emphasised the urgent need for Europe to strengthen its strategic autonomy in critical digital infrastructure, from AI frameworks to semiconductor manufacturing.

The letter warns that Europe’s reliance on foreign technology creates security risks and weakens economic growth. It highlights the importance of public investment, particularly in capital-intensive sectors like quantum computing and microchips. The signatories also suggest a ‘buy European’ policy in government procurement to boost demand and encourage local businesses to invest.

Prominent supporters of the initiative include French cloud provider OVH Cloud, the European Software Institute, and the German AI Association. The appeal also reached EU tech chief Henna Virkkunen, as Europe faces increasing pressure to compete with major US and Asian technology powers.

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Thailand approves millions for data centres

Thailand has approved investments worth 90.9 billion baht ($2.7 billion) in data centres and cloud services, further boosting its growing tech sector. The newly approved projects include data centres by China’s Beijing Haoyang Cloud&Data Technology, Singapore-based Empyrion Digital, and Thailand’s GSA Data Center 02, according to the country’s investment board.

Among these, Beijing Haoyang plans to build a 300-megawatt data centre valued at 72.7 billion baht, while GSA Data Center 02 is investing 13.5 billion baht in a 35-megawatt facility.

The rapid rise of AI has fuelled demand for data infrastructure across Southeast Asia, making Thailand an attractive hub for investment. In January, TikTok’s parent company, Bytedance, announced plans to establish a data hosting service in Thailand worth 126.8 billion baht.

It follows significant investments from tech giants such as Google, which pledged $1 billion last year, and Amazon Web Services, which committed $5 billion over 15 years.

Microsoft has also revealed plans to open its first regional data centre in Thailand, reinforcing the country’s status as a growing digital hub in the region. With an increasing number of global technology firms choosing Thailand for data operations, the country is set to play a key role in Southeast Asia’s evolving digital economy.

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Chinese hedge funds boost AI for competitive edge

China’s hedge fund industry is undergoing a transformative shift, spurred by High-Flyer’s integration of AI in its trading strategies. The multi-billion-dollar fund not only uses AI to enhance its portfolio but also created DeepSeek, a game-changing LLM that has disrupted the dominance of Western AI firms like those in Silicon Valley.

The breakthrough has ignited an AI arms race among Chinese asset managers, including firms like Baiont Quant, Wizard Quant, and Mingshi Investment Management, as they rush to incorporate AI into their investment workflows.

AI-powered trading has gained momentum, with many hedge funds now using AI to process market data and generate trading signals based on investor risk profiles. As competition for “alpha” (outperformance) intensifies, the demand for AI talent is surging.

Companies like Wizard Quant and Mingshi are actively recruiting top AI engineers, and even mutual funds, such as China Merchants Fund, have adopted DeepSeek to boost their efficiency. The open-source model has democratised access to AI, lowering the entry barrier for smaller Chinese funds, which had previously been unable to compete with their Western counterparts due to high costs.

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China claims quantum supremacy with Zuchongzhi 3.0 chip

Chinese researchers have developed the Zuchongzhi 3.0, a quantum processor 1 quadrillion times faster than the world’s best supercomputers. The 105-qubit chip, created at the University of Science and Technology of China, achieved impressive results, completing a quantum task in mere seconds—1 million times faster than Google’s Sycamore chip.

A breakthrough like this marks a major step forward in quantum computing, especially with its enhancements in coherence time and quantum error correction. The processor’s transmon qubits, made from materials like tantalum and niobium, also show significant improvements in gate fidelity, leading to more accurate computations.

Despite these advancements, experts note that classical computing methods could still close the gap, as seen in past quantum supremacy claims.

Zuchongzhi 3.0’s exceptional performance paves the way for more practical quantum computing applications, promising a new era of solving complex real-world challenges. The progress made in quantum gate fidelity and reduced noise sensitivity places China’s quantum processing technology at the forefront of global developments.

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Intel appoints new CEO to compete in AI chip market

Intel has appointed tech industry veteran Lip-Bu Tan as its chief executive, aiming to revitalise the struggling chipmaker as it falls behind in the AI race.

Tan, set to take over next week, told employees that overcoming Intel’s challenges would not be easy but reaffirmed his commitment to an engineering-first approach.

Following the announcement, Intel’s shares surged by more than 10 per cent in after-market trading.

Once a dominant force in the semiconductor industry, Intel has been outpaced by Taiwan Semiconductor Manufacturing Co (TSMC) and Samsung Electronics, which lead in made-to-order chip production.

It also lags behind Nvidia, which has emerged as the top AI chip provider. Tan replaces Pat Gelsinger, who was ousted last year after the board lost confidence in his turnaround efforts, which included cutting 15,000 jobs and delaying chipmaking projects.

Tan, previously head of Cadence Design Systems, pledged to restore Intel’s reputation by taking calculated risks to outmanoeuvre competitors.

He intends to continue the company’s plan to manufacture chips for other firms, directly challenging TSMC. However, analysts remain cautious, questioning whether Intel will split its foundry and chip design businesses or prove its ability to deliver cutting-edge technology.

Intel also faces a growing battle in AI, where Nvidia dominates the data centre chip market. Analysts warn that without a compelling AI strategy, Intel could struggle to regain investor confidence.

Tan, however, remains optimistic, vowing to transform Intel into a world-class chipmaker while ensuring customer satisfaction.

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Major companies back global nuclear energy expansion

Several major companies, including Amazon and Google, have pledged to support the goal of tripling the world’s nuclear energy capacity by 2050.

However, this commitment was made during the CERAWeek conference in Houston, with other signatories such as shale company Occidental and Japanese firm IHI Corp. The World Nuclear Association (WNA) facilitated the pledge and expects more industries, including maritime and aviation, to join in the coming months.

Nuclear energy currently accounts for 9% of the world’s electricity, produced by 439 power reactors. As large tech companies like Amazon and Google pursue nuclear projects, including small modular reactors, the demand for uranium, essential for nuclear technology, has surged.

However, uranium supply remains constrained, mainly coming from Kazakhstan, Canada, and Australia.

With high demand, uranium prices reached a 16-year peak last year, driven by supply disruptions during the COVID-19 lockdowns.

Despite this, global nuclear power generation continues to be concentrated in just a few countries, with 411 reactors in operation as of early 2025, providing a combined 371 gigawatts of capacity.

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