BLACKRIDGE GLOBAL CAPITAL: Where We Believe the Next Wave of Global Technology Capital Will Flow

As global markets enter a new era shaped by higher interest rates, geopolitical realignment, and the rapid acceleration of artificial intelligence, many international investment institutions are beginning to reassess a fundamental question:

Which industries will truly hold long-term strategic value over the next decade?

At BLACKRIDGE GLOBAL CAPITAL (BGC), the answer is becoming increasingly clear.

We believe the world is entering a new infrastructure cycle.

This next phase will not be driven solely by traditional finance or internet platforms, but by industries centered around:

AI, semiconductors, energy, data infrastructure, intelligent manufacturing, and the restructuring of global supply chains.

These sectors are no longer simply commercial industries —

they are becoming strategic assets of national importance.

## Semiconductors: The Core Infrastructure of the AI Era

BGC has maintained a long-term focus on the Asian semiconductor supply chain, particularly Taiwan’s critical role within the global technology ecosystem.

In our view, the true scarcity behind the AI revolution is no longer software alone, but the physical infrastructure enabling AI to operate at scale:

• High-performance computing (HPC)

• AI server supply chains

• Advanced semiconductor packaging

• IC design

• Power management systems

• Precision manufacturing

• Edge computing

• Industrial AI infrastructure

Over the coming years, substantial global capital is expected to flow into AI computing infrastructure.

Companies capable of providing critical technologies and strategic supply chain capabilities are likely to become key beneficiaries of the next global capital cycle.

## AI Infrastructure: From a Software Race to a Compute Race

A major shift is now underway in the technology industry:

The AI race is evolving from a competition between models into a competition for compute power and infrastructure.

We are seeing growing institutional interest in sectors such as:

• AI data centers

• GPU infrastructure

• Smart grid energy systems

• Thermal management and energy efficiency technologies

• Edge computing architecture

• Industrial AI systems

These areas will increasingly represent not only technology opportunities, but also strategic energy, data, and national competitiveness priorities.

BGC believes AI infrastructure may become one of the most capital-intensive and strategically important sectors of the next decade.

## Global Supply Chain Realignment: Asia’s Strategic Importance Continues to Rise

Global supply chains are currently undergoing a major structural reorganization.

Corporations are no longer focused solely on cost efficiency.

Increasingly, they are prioritizing:

• Geopolitical resilience

• Supply chain security

• Energy stability

• Regional manufacturing capabilities

• Access to international capital markets

Asia — particularly Taiwan, Singapore, Malaysia, Thailand, and selected Middle Eastern markets — is emerging as a new center for technology and strategic capital cooperation.

Going forward, BGC will continue to closely evaluate opportunities involving:

• Cross-border supply chain integration

• International joint ventures

• Overseas manufacturing expansion

• Global market positioning

• Strategic equity investments

## Intelligent Manufacturing and Industrial AI

Beyond semiconductors, we also see strong long-term potential in industrial AI and intelligent manufacturing.

The factories of the future will no longer function merely as low-cost production centers.

Instead, they will evolve into highly integrated intelligent infrastructure systems combining:

• AI-driven decision-making

• Advanced automation

• Real-time data analytics

• Smart energy management

• AI-powered quality control systems

Companies operating within these sectors are likely to hold increasing strategic value as global manufacturing continues to modernize.

## Capital Markets Are Changing

At BGC, we believe future competition among global technology companies will no longer be defined solely by products.

Instead, it will be determined by the ability to integrate:

capital, technology, supply chains, and global strategic execution.

As a result, we are particularly interested in companies that possess:

• Core technological capabilities

• Strong industry barriers to entry

• Integration into global supply chains

• International expansion potential

• A willingness to pursue strategic transformation

Because in the coming decade, the companies most likely to emerge as global leaders may not necessarily be those generating the most short-term market excitement —

but those capable of building sustainable long-term competitive advantages across economic cycles.

## The Next Wave of Global Capital Will Not Simply Chase Growth

It will seek companies capable of becoming part of the world’s future infrastructure.

At BLACKRIDGE GLOBAL CAPITAL, we believe this transformation is only just beginning.