E-commerce and trade

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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Semiconductor industry’s environmental impact calls for EU action

The European Union is being advised to strengthen its focus on sustainable semiconductor production as emissions from the industry continue to rise.

A new study by the think-tank Interface highlights the growing pollution caused by the manufacturing of cutting-edge chips, essential for AI technology.

Over the past eight years, global energy consumption in the semiconductor sector has surged by 125%, largely due to the increasing demand for advanced chips, which require higher energy input and generate more emissions.

While the industry’s high-emission production methods have raised concerns, the report also points to opportunities for Europe to capitalise on its strengths in the manufacturing of ‘legacy’ chips.

These chips, used in sectors like automotive, energy, and industrial applications, tend to have a smaller environmental footprint. European companies such as STMicroelectronics, Infineon, and NXP are already market leaders in this area, which could be key to the EU’s efforts to foster a greener transition.

Despite the EU’s ambitions, including the 2023 Chips Act aimed at boosting production, questions remain over whether Europe should invest further in cutting-edge chip manufacturing.

The study suggests that pursuing this route could have significant environmental costs, particularly due to the high energy consumption involved. However, the EU’s access to renewable energy sources and water might provide an advantage over the high-cost, energy-hungry production processes in Asia.

Julia Hess, the study’s lead author, argues that chips manufactured under higher environmental standards could offer Europe a long-term competitive edge in the semiconductor industry, driving both sustainability and technological leadership.

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Musk’s SpaceX challenges global barriers on Starlink service

SpaceX has called on the US government to address trade barriers that impact its global operations, particularly its Starlink satellite service.

The company claims it faces higher costs than foreign competitors due to import duties, regulatory fees, and the need to pay foreign governments for access to spectrum.

These challenges are seen as non-tariff trade barriers that inflate operating expenses and slow the rollout of its service in many countries.

Starlink, which operates in over 120 markets worldwide, has to navigate additional hurdles in some regions, including coordination with domestic satellite operators for spectrum sharing.

SpaceX has argued that such requirements are deliberately designed to protect local competitors, making it harder for the company to offer its lower-cost, high-quality services abroad.

The call for action comes amid wider discussions about trade barriers affecting American businesses. Companies like Tesla, also owned by Elon Musk, have warned of the risks posed by retaliatory tariffs resulting from trade tensions, particularly with countries like China, Canada, and the EU.

Musk has long been involved in efforts to streamline government regulations and advocate for freer trade policies.

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EU delays ETIAS launch until late 2026

The European Union has announced that the ETIAS (European Travel Information and Authorisation System) will require visa-free travellers from non-EU countries, including the UK, to obtain authorisation before short stays in the Schengen Area.

Initially planned for 2026, the system has been delayed and is now set to launch in late 2026, with full implementation not expected until 2027. The ETIAS aims to improve border security and will apply to travellers from 60 non-EU countries who don’t need a visa.

To apply for the ETIAS, travellers will need to complete an online application, provide personal details, answer security questions, and pay a €7 fee.

However, this authorisation will be linked to the traveller’s passport and remain valid for three years, or until the passport expires. Also, children under 18 and adults over 70 will be exempt from the fee, though they still need to apply for authorisation.

The ETIAS will not become mandatory until six months after the EU’s Entry/Exit System (EES) is fully operational. The EES, which is set to launch in phases starting in October 2025, will be a registration system for non-EU travellers, including those from the UK and US.

However, due to delays in the installation of necessary technology at Schengen borders, the launch of the ETIAS has been pushed back to late 2026.

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AI Innovation in the UK Advances with new Google initiatives

Google is intensifying its investment in the UK’s AI sector, with plans to expand its data residency offerings and launch new tools for businesses.

At an event in London, Google’s DeepMind CEO Demis Hassabis and Google Cloud CEO Thomas Kurian unveiled plans to add Agentspace, Google’s platform for AI agents, to the UK’s data residency region.

However, this move will allow enterprises to host their AI agents locally, ensuring full control over their data.

In addition to the data residency expansion, Google announced new incentives for AI startups in the UK, offering up to £280,000 in Google Cloud credits for those participating in its accelerator programme.

These efforts come as part of a broader strategy to encourage businesses to adopt Google’s AI services over those of competitors. The company is also focusing on expanding AI skills training to help businesses better leverage these advanced technologies.

Google’s efforts align with the UK government’s push to strengthen its position in the global AI landscape. The government has been actively working to promote AI development, with a particular focus on building services that reduce reliance on big tech companies.

By bringing its latest AI offerings to the UK, Google is positioning itself as a key player in the country’s AI future.

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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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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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Turkey investigates Netflix, Disney, and Amazon for competition law violations

The Turkish Competition Board has opened an investigation into major subscription-based, on-demand video service providers, including Netflix, Disney, and Amazon. This decision follows a preliminary inquiry into whether these global streaming platforms have violated Turkey‘s competition laws.

The board is particularly focused on examining their business practices within the Turkish market and assessing whether any anti-competitive behaviour has occurred. The investigation highlights Turkey’s increasing scrutiny of digital platforms operating within its borders.

The inquiry comes at a time when subscription-based streaming services are growing rapidly in Turkey, with Netflix, Disney+, and Amazon Prime Video among the most popular platforms in the country. The Turkish Competition Board’s investigation aims to ensure that the market remains competitive and that no service provider is unfairly dominating the sector.

By looking into the practices of these major players, the board seeks to protect consumers and maintain a level playing field for all companies involved in the digital entertainment industry.

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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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Google expands voice AI capabilities with Chirp 3

Google has announced the addition of its HD voice model, Chirp 3, to its Vertex AI platform, marking a significant step in its push into voice AI. Starting next week, developers will be able to use the platform to build applications such as voice assistants, audiobooks, and video voice-overs with eight new voices available in 31 languages.

The launch comes at a time when other companies, including startups like Sesame, are also advancing in the field of realistic-sounding AI voices. Despite this growing competition, Google remains cautious about potential misuse, with CEO Thomas Kurian noting that the company is working closely with its safety team to establish proper usage guidelines for Chirp 3.

Google’s move with Chirp 3 positions it alongside other tools from its Vertex AI platform, which includes machine learning and generative AI services like its Gemini and Imagen models. With AI voice applications rapidly gaining traction, it will be interesting to see how Google expands its offerings to stay competitive in this evolving space.

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