Key Takeaways CommScope introduces a secure bootloader signing solution for TI AM6x processors.The solution uses PRiSM with FIPS-certified HSM to protect critical signing keys.It reduces development effort, speeds market entry, and supports EU CRA compliance.CommScope Holding Company, Inc. ((COMM) has introduced a production-ready secure bootloader signing solution designed to simplify and strengthen device security for Texas Instruments’ (“TI”) AM6x processor family. The solution is built on CommScope’s Pe ...

今天分享的是：在AI时代维护欧洲安全 报告共计：47页 《在AI时代维护欧洲安全》核心内容总结 《在AI时代维护欧洲安全》报告聚焦地缘政治与技术变革背景下，欧洲如何借助人工智能（AI）与后量子密码学（PQC）保障 战略自主与安全韧性。当前全球正经历深刻的技术与地缘格局转变，"软件重塑国防"成为显著趋势，传统以硬件为核心的国防 创新模式已转向软硬件协同，AI与量子技术的崛起既带来机遇，也催生新的安全挑战，欧洲正处于关键的技术十字路口。 AI已深度融入国防安全领域，在情报处理、目标定位、作战模拟、网络防御等方面发挥重要作用，乌克兰与中东冲突更凸显了 其在无人机操作、卫星图像分析等场景的实战价值。但AI应用面临多重挑战，包括网络安全漏洞、供应链依赖、数据质量与共 享难题，以及人机协同中的伦理与认知偏差问题。量子计算的发展则对现有加密体系构成潜在威胁，"现在收集、未来解密"的 攻击风险迫在眉睫，而PQC作为量子安全通信的核心技术，能为AI及关键系统提供基础安全保障，其部署紧迫性日益凸显。 全球范围内，AI与量子技术研发呈现差异化竞争格局。各国在技术投入、政企协作、应用侧重等方面各有优势，欧洲虽在科研 实力与部分关键组 ...

Geneva, Switzerland, Dec. 17, 2025 (GLOBE NEWSWIRE) -- SEALSQ Owns 28.3% Stake in WECAN Via Strategic Investments Focused on Quantum Technology Integration SEALSQ Corp (NASDAQ: LAES) ("SEALSQ" or "Company"), a company that focuses on developing and selling Semiconductors, PKI, and Post-Quantum technology hardware and software products, today announced that WeCanGroup SA (“WECAN”), a blockchain-based solutions entity in which SEALSQ owns a 28.3% minority stake, was awarded a grant from Hedera. The receipt o ...

Market Overview - The crypto market is currently lacking clear direction, with Bitcoin (BTC) trading in a range between $90,000 and $95,000, and the broader market showing declines of over 2% in the CoinDesk 20 (CD20) and CoinDesk 80 (CD80) indexes [1] - ZEC is the only major token that has gained more than 3% in the last 24 hours [1] Fed Interest Rate Meeting - Traders are postponing bullish bets until after the upcoming Federal Reserve interest-rate meeting, which is expected to introduce volatility [2] - The Fed meeting is set to conclude tomorrow, with a 25 basis-point rate cut already priced in, although there are concerns about hawkish forward guidance that may indicate slower easing in 2026 [4] - Market expectations suggest that while a rate cut is anticipated, another cut may not occur until June, depending on labor market conditions and inflation expectations [5] Market Sentiment and Metrics - Key metrics such as the cumulative volume delta (CVD) indicate a continued dominance of sellers in the spot market, with the CVD dropping from -$40 million to -$111 million, reflecting persistent sell flow [6] - Spot flows remain soft, indicating a lack of buying interest even as Bitcoin prices hold steady at $90,000 [6] Innovations and Developments - Ethereum founder Vitalik Buterin's proposal aims to enhance transaction predictability and establish a trustless on-chain gas futures market, attracting attention within the industry [6] - Crypto exchange KuCoin has introduced a Post-Quantum Cryptography (PQC) Gateway proof-of-concept, which is an experimental prototype designed to integrate quantum-resistant cryptographic algorithms [7] Traditional Market Context - In traditional markets, the 10-year U.S. Treasury yield has reached three-month highs, and the yen is trading weak despite expectations of a rate hike from the Bank of Japan [7]

Core Thesis - IonQ, Inc. is positioned to benefit from increased government support and funding in the quantum computing sector, particularly in relation to national defense and cybersecurity initiatives [2][3][5] Government Policy and Funding - The U.S. government is accelerating post-quantum cryptography (PQC) adoption, reducing the timeline from ten to five years, despite cuts to civilian science programs [2] - Defense R&D spending is increasing, with DARPA allocating $250 million for quantum benchmarking and the NSF directing $230 million toward quantum information science [3] Strategic Positioning - IonQ's capabilities in quantum networking, sensing, and space-based systems align with national defense priorities, particularly the Golden Dome missile defense initiative [4] - Recent acquisitions of Vector Atomic and Capella Space enhance IonQ's strategic role in the quantum sector [4] International Engagement - Meetings between IonQ executives and Italian officials highlight the company's growing influence in quantum technology for allied nations, positioning it as a key player in global quantum sovereignty [5] Investment Outlook - The shift in quantum technology from speculative hype to a strategic infrastructure pillar suggests substantial long-term upside for IonQ, supported by sustained government R&D funding and potential system sales [5] - IonQ's stock has appreciated approximately 334.68% since previous bullish coverage, indicating successful execution of its quantum commercialization strategy [6]

Core Viewpoint - SEALSQ Corp has announced a partnership with BWT Alpine Formula One Team to integrate quantum-resistant technology into motorsport, marking a significant step in the application of quantum technology in high-performance environments [2][4][6]. Company Overview - SEALSQ Corp specializes in developing and selling semiconductors, public key infrastructure (PKI), and post-quantum technology hardware and software products [2][11]. - The company is recognized for its innovations in post-quantum cryptography and secure microcontrollers, aiming to address security challenges posed by advancing quantum computing [11][12]. Partnership Details - The collaboration will leverage BWT Alpine Formula One Team's engineering capabilities alongside SEALSQ's expertise in quantum-secure semiconductors and quantum as a service [3][4]. - The focus will be on applying quantum-related technologies to enhance the team's operational and security systems, ensuring protection against potential quantum threats [4][6]. Technological Implications - SEALSQ's quantum-resistant encryption aims to safeguard data exchanges within the team, preventing the compromise of strategic information from future quantum attacks [6][8]. - The partnership is positioned to pioneer the integration of quantum technology in motorsport, showcasing real-world applications of quantum computing in a competitive environment [7][8]. Historical Context - SEALSQ's parent company, WISeKey International Holding Ltd, has a history of supporting high-stakes racing events, demonstrating the potential of secure technologies in enhancing performance and coordination [7]. - BWT Alpine Formula One Team has a legacy of success in Formula One, having won multiple championships and recently finishing sixth in the Constructors' Championship for the 2024 season [9][10].

Industry Overview - Quantum computing stocks have seen significant price increases, with some companies doubling or tripling in value due to speculative momentum and investor enthusiasm [1][2] - The excitement is driven by the potential of quantum technology to transform sectors like drug discovery, cryptography, and artificial intelligence, despite most companies being pre-revenue [1] Rigetti Computing - Rigetti Computing has experienced a remarkable stock surge, up approximately 183% year-to-date and over 4,500% in the past 12 months, despite a recent 25% pullback from its 52-week high [4][5] - In Q2 2025, Rigetti reported revenues of $1.8 million, a decline of 41.9% year-over-year, with net losses of $39.7 million and an EPS of -5 cents [5] - The company's current valuation is nearly $14 billion, trading at over 1,700 times sales, indicating a highly speculative investment [6] BTQ Technologies - BTQ Technologies has rapidly gained attention since its Nasdaq debut in late September 2025, focusing on post-quantum cryptography [8][9] - The stock has surged 281% year-to-date and 122% in the past month, driven by retail speculation and interest in quantum-proof cybersecurity [9][10] - For Q2, BTQ reported sales of approximately $47,000, down from $65,000 a year ago, with a net loss of roughly $1.4 million [10] Churchill Capital Corp X - Churchill Capital Corp X is positioned as a credible entry point into quantum computing following its merger announcement with Infleqtion, valued at $1.8 billion [11][12] - Infleqtion generated nearly $29 million in trailing 12-month revenue, growing at an impressive 80% CAGR, providing a tangible revenue base for the future merged entity [14] - Citron Research has rated Infleqtion as "far superior to Rigetti," with a fair value estimate of $55 per share, indicating a favorable risk-reward profile for investors [15]

Industry Overview - The quantum computing space is projected to experience a compound annual growth rate (CAGR) of 41.8% from 2026 to 2031, driven by increasing investments from both government and private sectors [1][5] - Public investment in quantum technology has surpassed $10 billion, indicating a significant shift from research to real-world deployment [3][5] Government Initiatives - In 2024, global governments invested approximately $680 million in start-ups and announced $1.8 billion in broader quantum initiatives, with new commitments pushing total public funding beyond $10 billion by early 2025 [3][5] - The Trump administration is reportedly crafting executive orders to accelerate federal adoption of quantum technology, which may include procurement incentives and tighter timelines [5][6] - A reauthorized National Quantum Initiative (NQI) with a proposed budget of $2.7 billion through FY2029 aims to enhance R&D, grants, and industry partnerships [6] Company Highlights - **Amazon (AMZN)**: Amazon Web Services (AWS) has developed the Ocelot chip, which utilizes "cat qubits" to improve error correction and reduce costs by up to 90%. AWS is also supporting U.S. federal agencies through its Quantum Embark program [11][12] - **Microsoft (MSFT)**: Microsoft introduced the Majorana 1 quantum processor in February 2025 and announced a Quantum Research Center in Maryland to foster collaboration in quantum development [13][14] - **IonQ (IONQ)**: IonQ has made significant advancements through collaborations with the U.S. Department of Energy and participation in DARPA's Quantum Benchmarking Initiative, focusing on secure quantum networking and validation of quantum computers [15][16] Financial Projections - Amazon is projected to report earnings growth of 23.2% on 11.1% revenue growth in 2025 [12] - Microsoft is expected to achieve earnings growth of 12.9% on 14% revenue growth in 2025 [14] - IonQ is anticipated to report earnings growth of 37.8% on 115.1% revenue growth in 2025 [16]

Core Insights - Gorilla Technology Group Inc. has launched an industry-first post-quantum cryptography (PQC) Quantum-Safe Software-Defined Wide Area Network (SD-WAN) Initiative, enhancing security for AI platforms and sovereign clouds [1][3] - The Gorilla Intelligent Network Director integrates NIST-approved PQC algorithms, ensuring long-term confidentiality and crypto-agility against potential quantum threats [2][3] - The initiative aligns with the U.S. government's CNSA 2.0 rollout, positioning Gorilla to meet post-quantum security expectations by the 2030-2033 compliance horizon [3][4] Product Features - The Gorilla Intelligent Network Director employs a hybrid key exchange using Elliptic-Curve Diffie-Hellman (ECDH) and Kyber algorithms, providing a quantum-resistant connectivity layer [2] - Digital signatures based on Dilithium secure node authentication and control-plane integrity, protecting orchestration and data channels [2] - The solution is designed for hybrid, multi-cloud, and sovereign network environments, supporting national AI and digital infrastructure [2] Market Positioning - Gorilla's initiative builds on multi-billion-dollar AI and data center projects, including a US$1.4 billion network deal in Southeast Asia [4] - The company is extending its post-quantum security deployments for government networks in MENA and Thailand, establishing a standards-based architecture for cryptographic agility [4] - The initiative aims to generate multi-year recurring revenue as governments and enterprises transition to post-quantum security [4] Customer Benefits - Customers adopting the Gorilla Intelligent Network Director will benefit from enhanced security measures that safeguard data, control, and identity from quantum threats [5] - The company is establishing Quantum-Safe Readiness Labs in Taiwan and India to assist governments and enterprises in validating key exchange and adopting secure network transformation strategies [5] Company Overview - Gorilla Technology Group Inc. is headquartered in London and specializes in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology [6] - The company provides solutions across various sectors, including Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare, and Education [7]

Financial Data and Key Metrics Changes - For the first half of 2025, revenues grew slightly by $0.1 million to $5.3 million, reflecting a continued transition period ahead of expected growth in the second half [19] - Operating losses increased by $13.2 million to $27.3 million, primarily due to a one-off stock-based compensation charge and increased investments in R&D and administrative costs [20] - The net loss for the six months ending June 2025 was $22.3 million, an increase of $6.8 million compared to the same period last year [21] - The company has a strong cash balance of $124.6 million as of June 30, 2025, allowing for accelerated technological development and strategic investments [21] Business Line Data and Key Metrics Changes - The company is focusing on next-generation quantum-resistant chips, the SealCoin transactional IoT platform, and the WISe.ART expansion [21] - The backlog of booked orders for 2026 is approximately 300% higher than at the end of 2025, indicating strong future demand [19] Market Data and Key Metrics Changes - The company expects full-year revenues to be in the range of $18 to $21 million, driven by a return to growth in demand for traditional semiconductor products and the consolidated revenue of IC'ALPS [22] - A robust pipeline of revenue opportunities amounting to $170 million for the period 2026 to 2028 has been established [17] Company Strategy and Development Direction - The company is executing a quantum convergence strategy that combines traditional identity security methods with emerging quantum-safe technologies [6][7] - Strategic partnerships, such as the QuantumX security initiative in Spain, are being developed to enhance shareholder value and create new addressable markets [13] - The company is also focusing on scaling execution and expanding its operational capabilities in the second half of 2025 [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in strong growth in the second half of the year, with expectations of increased demand for quantum-resistant solutions due to regulatory pressures [22][36] - The company is positioning itself to shape the future of digital trust and security, emphasizing the importance of quantum resilience in critical infrastructures [17][36] Other Important Information - The company is pioneering the integration of post-quantum cryptography into its semiconductor products, with the first post-quantum chip expected to be launched in November 2025 [8][10] - The WISe.ART platform is evolving to include digital twin technology and is expected to generate new revenue streams through tokenization and machine-to-machine transactions [40][42] Q&A Session Summary Question: Contribution from Quantix and margin expectations - The contribution from Quantix is expected to be $25 million over three years, with varying margins depending on the nature of the project [24] - Product revenues are anticipated even before the personalization center is fully operational [25] Question: Breakdown of the $170 million pipeline - The pipeline includes contributions from the Quantum Shield QS7001 chip, Trusted Platform Model (TPM) chips, and revenue from personalization centers [33][37] Question: Path to commercializing WISe.ART and SealCoin - The commercialization of WISe.ART is focused on creating digital twins and integrating SealCoin as a payment method for transactions between devices [39][42]