BTQ Tech

Morgan Stanley has CapEx of CSPs ~12% in 2028, with spending on AI semiconductors expected to increase even more.

> CoWoS/CoPoS/EMIB-T capacity is estimated to grow by 50% in 2028, while infrastructure spending (such as factories and AI data centers) will remain flat, and memory prices will grow moderately in 2028.

> TSMC's CoWoS capacity will expand from 130,000 wafers per month in 2026, 200,000 wafers per month in 2027, to 260,000 wafers per month in 2028.

> MI500 series (codename Arcadia) is expected to enter small-scale production by the end of 2027. Production capacity for both the MI455 and MI450 is likely to reach approximately 500,000–650,000 units.

> TSMC's total CoWoS-L orders will increase by 200% year-on-year to 210,000 wafers in 2027.

> TSMC's CoPoS capacity is projected to reach 50,000–100,000 wafers per month in 2028 and 100,000–200,000 wafers per month in 2029, but this will depend on the results of the trial production.

> MS forecasts that TSMC's CoPoS capacity is projected to reach 50,000–100,000 wafers per month in 2028 and 100,000–200,000 wafers per month in 2029, but this will depend on the results of the trial production.

$Taiwan Semiconductor(TSM.US) $AMD(AMD.US) $Intel(INTC.US) $Alphabet(GOOGL.US) $Amazon(AMZN.US) $Meta Platforms(META.US) $Microsoft(MSFT.US)

📢 𝗝𝗨𝗦𝗧 𝗜𝗡: $BTQ Tech(BTQ.US) BTQ Technologies Signs Quantum-Safe Security MOU With Korea’s ITCEN PNS

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗕𝗧𝗤 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝗶𝗲𝘀 signs post-quantum security MOU with 𝗜𝗧𝗖𝗘𝗡 𝗣𝗡𝗦.

➤ Partnership targets 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹, public-sector, and enterprise security infrastructure.

➤ Companies will integrate 𝗽𝗼𝘀𝘁-𝗾𝘂𝗮𝗻𝘁𝘂𝗺 𝗰𝗿𝘆𝗽𝘁𝗼𝗴𝗿𝗮𝗽𝗵𝘆 and quantum-safe authentication.

➤ ITCENGLOBAL reported approximately 𝗞𝗥𝗪 𝟴.𝟵 𝘁𝗿𝗶𝗹𝗹𝗶𝗼𝗻 in 2025 revenue.

➤ ITCEN PNS recently obtained 𝗞𝗖𝗠𝗩𝗣 validation for hybrid cryptography.

➤ Validated module incorporates NIST-standardized 𝗠𝗟-𝗞𝗘𝗠 post-quantum technology.

➤ Collaboration covers 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗶𝗱𝗲𝗻𝘁𝗶𝘁𝘆, biometrics, blockchain, and Web3 security.

➤ Companies will evaluate commercialization of 𝗾𝘂𝗮𝗻𝘁𝘂𝗺-𝘀𝗮𝗳𝗲 solutions in Korea.

➤ Agreement expands BTQ's presence across Korea's 𝗰𝗿𝗶𝘁𝗶𝗰𝗮𝗹 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗶𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Gives 𝗕𝗧𝗤 access to established Korean financial and government deployment channels.

➤ Combines BTQ technology with ITCEN PNS's 𝗿𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆-𝘃𝗮𝗹𝗶𝗱𝗮𝘁𝗲𝗱 cryptographic infrastructure.

➤ Could accelerate practical adoption of 𝗾𝘂𝗮𝗻𝘁𝘂𝗺-𝘀𝗮𝗳𝗲 security across critical systems.

➤ Addresses growing risks from future quantum attacks on 𝗰𝘂𝗿𝗿𝗲𝗻𝘁 𝗲𝗻𝗰𝗿𝘆𝗽𝘁𝗶𝗼𝗻.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀:

𝗢𝗹𝗶𝘃𝗶𝗲𝗿 𝗥𝗼𝘂𝘀𝘀𝘆 𝗡𝗲𝘄𝘁𝗼𝗻, CEO and Chairman of BTQ Technologies:

"ITCENGLOBAL is one of Korea's most significant technology groups, with deep relationships across public-sector, financial, and enterprise infrastructure. ITCEN PNS has already done the difficult work of taking post-quantum cryptography through national validation and into live financial environments. That combination of regulatory credibility and real deployment channels is exactly what turns quantum-safe technology into adoption. Korea is one of the most important markets globally for the transition to quantum-safe infrastructure, and this collaboration supports BTQ's mission of Building Trusted Quantum technologies for the systems that matter most."

𝗪𝗼𝗻-𝗴𝘆𝘂 𝗣𝗮𝗿𝗸, Chief Executive Officer of ITCEN PNS:

"ITCEN PNS is focused on building next-generation security platforms for public institutions, financial organizations, and enterprise customers. As organizations prepare for the post-quantum transition, technical credibility and implementation experience will be critical. BTQ has established meaningful expertise in post-quantum cryptography, quantum-safe networks, and hardware-rooted security architectures. This collaboration gives us a strong framework to evaluate how those capabilities can be applied to practical security environments across Korea's financial, public-sector, and enterprise infrastructure."

📢 𝐉𝐔𝐒𝐓 𝐈𝐍: IDF and Oaktree Invest $1.7 Billion in Bloom Energy AI Power Project - $Nebius(NBIS.US) $Bloom Energy(BE.US)

👉 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:

➤ 𝐈𝐃𝐅 and 𝐎𝐚𝐤𝐭𝐫𝐞𝐞 announce 𝐒𝟏.𝟕 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 AI infrastructure investment.

➤ Project will deploy 𝐁𝐥𝐨𝐨𝐦 𝐄𝐧𝐞𝐫𝐠𝐲 fuel cell technology.

➤ Power will serve 𝐍𝐞𝐛𝐢𝐮𝐬'𝐬 AI cloud infrastructure.

➤ 𝐈𝐃𝐅 leads project development with 𝐎𝐚𝐤𝐭𝐫𝐞𝐞 as minority equity investor.

➤ 𝐌𝐨𝐫𝐠𝐚𝐧 𝐒𝐭𝐚𝐧𝐥𝐞𝐲 acted as sole tax equity investor and placement agent.

➤ 𝐌𝐔𝐅𝐆 𝐁𝐚𝐧𝐤 provided senior debt financing.

➤ Project delivers dedicated 𝐛𝐞𝐡𝐢𝐧𝐝-𝐭𝐡𝐞-𝐦𝐞𝐭𝐞𝐫 power for AI operations.

➤ IDF and Bloom have developed over 𝐒𝟐.𝟔 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 in projects together.

➤ 𝐎𝐚𝐤𝐭𝐫𝐞𝐞 managed 𝐒𝟐𝟐𝟒 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 in assets as of March 31, 2026.

👉 𝐄𝐱𝐩𝐞𝐫𝐭 𝐒𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭𝐬:

𝐀𝐦𝐚𝐧 𝐉𝐨𝐬𝐡𝐢, Chief Commercial Officer of Bloom Energy:

"AI infrastructure customers need more than innovative technology. They also need a path to finance and deploy power rapidly. Our collaboration with IDF demonstrates how institutional capital can help accelerate the build-out of AI infrastructure."

𝐍𝐢𝐤 𝐍𝐮𝐧𝐞𝐬, CEO of IDF:

"meet the energy demands of the AI economy."

𝐀𝐮𝐬𝐭𝐢𝐧 𝐏𝐞𝐚𝐫𝐬𝐨𝐧, Managing Director of Oaktree:

"confidence in Bloom's fuel cell technology"