therecord.media | The Record from Recorded Future News
September 1st, 2025

Last week, a contract worth €10 million ($11.7 million) had been awarded to the Spanish multinational Telefónica to use Huawei kit to upgrade the RedIRIS network, effectively more than 16,000km of infrastructure. On Friday, the government reversed course for “reasons of digital strategy and strategic autonomy,” as reported by El País.

The RedIRIS upgrade using Huawei equipment had been negotiated directly with Telefónica as the company had an existing €5.5 million contract from 2020 to boost the network. The Ministry of Digital Transformation argued the new upgrade was urgent due to the demands of new digital services, supercomputing projects and the network’s connections to Spain’s defense establishment.

It was partially driven by a need to improve the RedIRIS network’s resilience to cyberattacks, despite concerns that the use of equipment provided by Chinese vendors could increase the risk of cyberattacks to Western infrastructure.

These fears are often expressed in the context of Beijing’s offensive cyber espionage activities and China’s National Intelligence Law of 2017, which allows the state to “compel anyone in China to do anything,” as summarized by Britain’s National Cyber Security Centre. Huawei has consistently argued that such criticisms are illegitimate.

The company is currently restricted from most 5G networks across the European Union, although Spain has opted out of imposing such restrictions, and faces varying levels of bans in networks of NATO allies such as the United States and the United Kingdom.

Despite the apparent political hesitation regarding restricting Huawei equipment, Spain was among more than a dozen allies who last week warned about Chinese companies compromising global critical infrastructure.

The cancellation of the Telefoníca contract comes amid alarm from Madrid’s allies about the prevalence of the Chinese company’s equipment within the Spanish telecommunications infrastructure, including the core of Telefoníca’s 5G network.

In July, the chairs of the U.S. House and Senate Intelligence panels asked the country’s spy chief to scrutinize any intelligence information the U.S. shares with Spain after the disclosure the country’s wiretap system is underpinned by Huawei technology.

Spanish Prime Minister Pedro Sánchez, who has been among the EU’s most supportive leaders regarding Huawei, has pushed back against the bloc’s efforts to restrict it from 5G networks. Huawei has opened research facilities in Madrid and is a major employer as a technology contractor for a number of public administrations.

Natasha Buckley, a researcher at RUSI and lecturer in cybersecurity at Cranfield University, previously told Recorded Future News that Spain’s approach to the company stood in stark contrast to that of other NATO allies and many EU member states.

“Spain’s stance on high-risk technology vendors places greater emphasis on supply chain reliability than on geopolitical considerations, setting it apart from more restrictive approaches seen in countries like the UK, the Netherlands and Poland.

“While the EU’s 5G Cybersecurity Toolbox recommends limiting or excluding high-risk Chinese suppliers like Huawei, Spain’s implementation has been uneven. Huawei is restricted from some public 5G projects, yet its servers have been approved to store sensitive police wiretap data. The result is a case-by-case approach that falls short of a clearly defined policy towards high-risk vendors,” Buckley said.

Intel Corporation (INTC) www.intc.com Aug 22, 2025 • 4:53 PM EDT

U.S. Government to make $8.9 billion investment in Intel common stock as company builds upon its more than $100 billion expansion of resilient semiconductor supply chain

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Intel Corporation today announced an agreement with the Trump Administration to support the continued expansion of American technology and manufacturing leadership. Under terms of the agreement, the United States government will make an $8.9 billion investment in Intel common stock, reflecting the confidence the Administration has in Intel to advance key national priorities and the critically important role the company plays in expanding the domestic semiconductor industry.

The government’s equity stake will be funded by the remaining $5.7 billion in grants previously awarded, but not yet paid, to Intel under the U.S. CHIPS and Science Act and $3.2 billion awarded to the company as part of the Secure Enclave program. Intel will continue to deliver on its Secure Enclave obligations and reaffirmed its commitment to delivering trusted and secure semiconductors to the U.S. Department of Defense. The $8.9 billion investment is in addition to the $2.2 billion in CHIPS grants Intel has received to date, making for a total investment of $11.1 billion.

“As the only semiconductor company that does leading-edge logic R&D and manufacturing in the U.S., Intel is deeply committed to ensuring the world’s most advanced technologies are American made,” said Lip-Bu Tan, CEO of Intel. “President Trump’s focus on U.S. chip manufacturing is driving historic investments in a vital industry that is integral to the country’s economic and national security. We are grateful for the confidence the President and the Administration have placed in Intel, and we look forward to working to advance U.S. technology and manufacturing leadership.”

“Intel is excited to welcome the United States of America as a shareholder, helping to create the most advanced chips in the world,” said Howard Lutnick, United States Secretary of Commerce. “As more companies look to invest in America, this administration remains committed to reinforcing our country’s dominance in artificial intelligence while strengthening our national security.”

Under the terms of today’s announcement, the government agrees to purchase 433.3 million primary shares of Intel common stock at a price of $20.47 per share, equivalent to a 9.9 percent stake in the company. This investment provides American taxpayers with a discount to the current market price while enabling the U.S. and existing shareholders to benefit from Intel’s long-term business success.

The government’s investment in Intel will be a passive ownership, with no Board representation or other governance or information rights. The government also agrees to vote with the Company’s Board of Directors on matters requiring shareholder approval, with limited exceptions.

The government will receive a five-year warrant, at $20 per share for an additional five percent of Intel common shares, exercisable only if Intel ceases to own at least 51% of the foundry business.

The existing claw-back and profit-sharing provisions associated with the government’s previously dispersed $2.2 billion grant to Intel under the CHIPS Act will be eliminated to create permanency of capital as the company advances its U.S. investment plans.

Investing in America’s Future

Intel has continued to strategically invest in research, development and manufacturing in the United States since the company’s founding in 1968. Over the last five years, Intel has invested $108 billion in capital and $79 billion in R&D, the majority of which were dedicated to expanding U.S.-based manufacturing capacity and process technology.

Intel is currently undertaking a significant expansion of its domestic chipmaking capacity, investing more than $100 billion to expand its U.S. sites. The company’s newest chip fabrication site in Arizona is expected to begin high-volume production later this year, featuring the most advanced semiconductor manufacturing process technology on U.S. soil.

Since joining the company as CEO in March, Tan has taken swift actions to strengthen Intel’s financial position, drive disciplined execution and revitalize an engineering-first culture. Today’s agreement supports the company’s broader strategy to position Intel for the future.

Strengthening the U.S. Technology Ecosystem

Intel’s U.S. investments come as many leading technology companies support President Trump’s agenda to achieve U.S. technology and manufacturing leadership.

Intel is deeply engaged with current and potential customers and partners who share its commitment to building a strong and resilient U.S. semiconductor supply chain.

Satya Nadella, Chairman and Chief Executive Officer, Microsoft: “The decades-long partnership between Microsoft and Intel has pioneered new frontiers of technology and showcased the very best of American ingenuity and innovation. Intel’s continued investment in strengthening the U.S. semiconductor supply chain, supported by President Trump’s bold strategy to rebuild this critical industry on American soil, will benefit the country and broader technology ecosystem for years to come.”

Michael Dell, Chairman and Chief Executive Officer, Dell Technologies: “The industry needs a strong and resilient U.S. semiconductor industry, and no company is more important to this mission than Intel. It’s great to see Intel and the Trump Administration working together to advance U.S. technology and manufacturing leadership. Dell fully supports these shared priorities, and we look forward to bringing a new generation of products to market powered by American-designed and manufactured Intel chips.”

Enrique Lores, President and CEO, HP: “We share Intel’s and the Trump Administration’s deep commitment to building a strong, resilient and secure U.S. semiconductor industry. Intel’s continued investment in domestic R&D and manufacturing is integral to future innovation and will strengthen the partnership between HP and Intel for years come. This is a defining moment for great American companies to lead the world in cutting-edge technologies that will shape the future.”

Matt Garman, AWS CEO: “Leading-edge semiconductors are the bedrock of every AI technology and cloud platform, making U.S. investment in this critical industry one of the most important technological, economic and national security imperatives of our time. Intel plays a vital role as one of the country’s leading chip manufacturers, and we applaud the Trump administration’s efforts to usher in a new era of American innovation in partnership with American companies.”

PJT Partners acted as Intel’s exclusive financial advisor in connection with this investment agreement.

About Intel

Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore’s Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers’ greatest challenges. By embedding intelligence in the cloud, network, edge and every kind of computing device, we unleash the potential of data to transform business and society for the better. To learn more about Intel’s innovations, go to newsroom.intel.com and intel.com.

Forward-Looking Statements

This release contains forward-looking statements, including with respect to: the agreement with the U.S. government and its expected benefits, including the anticipated timing of closing and impacts to Intel’s existing agreements with the U.S. government under the CHIPS Act; Intel’s investment plans, including in manufacturing expansion projects and R&D; and the anticipated production using Intel’s latest semiconductor process technology in Arizona later this year. Such statements involve many risks and uncertainties that could cause our actual results to differ materially from those expressed or implied, including those associated with: uncertainties as to the timing of the consummation of the transaction and the receipt of funding; Intel’s ability to effectively use the proceeds and realize and utilize the other anticipated benefits of the transaction as contemplated thereby; the availability of appropriations from the legislative branch of the U.S. government and the ability of the executive branch of the U.S. government to obtain funding and support contemplated by the transaction; the determination by the legislative, judicial or executive branches of the U.S. government that any aspect of the transaction was unauthorized, void or voidable; Intel’s ability to obtain additional or replacement financing, as needed; Intel’s ability to effectively assess, determine and monitor the financial, tax and accounting treatment of the transaction, together with Intel’s and the U.S. government’s obligations thereunder; litigation related to the transaction or otherwise; potential adverse reactions or changes to business relationships resulting from the announcement or completion of the transaction; the timing and achievement of expected business milestones; Intel’s ability to effectively comply with the broader legal and regulatory requirements and heightened scrutiny associated with government partnerships and contracts; the high level of competition and rapid technological change in the semiconductor industry; the significant long-term and inherently risky investments Intel is making in R&D and manufacturing facilities that may not realize a favorable return; the complexities and uncertainties in developing and implementing new semiconductor products and manufacturing process technologies; Intel’s ability to time and scale its capital investments appropriately; changes in demand for Intel’s products; macroeconomic conditions and geopolitical tensions and conflicts, including geopolitical and trade tensions between the U.S. and China, the impacts of Russia's war on Ukraine, tensions and conflict affecting Israel and the Middle East, and rising tensions between mainland China and Taiwan; the evolving market for products with AI capabilities; Intel’s complex global supply chain supporting its manufacturing facilities and incorporating external foundries, including from disruptions, delays, trade tensions and conflicts, or shortages; recently elevated geopolitical tensions, volatility and uncertainty with respect to international trade policies, including tariffs and export controls, impacting Intel’s business, the markets in which it competes and the world economy; product defects, errata and other product issues, particularly as Intel develops next-generation products and implements next-generation manufacturing process technologies; potential security vulnerabilities in Intel’s products; increasing and evolving cybersecurity threats and privacy risks; IP risks including related litigation and regulatory proceedings; the need to attract, retain, and motivate key talent; Intel’s debt obligations and its ability to access sources of capital; complex and evolving laws and regulations across many jurisdictions; fluctuations in currency exchange rates; changes in Intel’s effective tax rate; catastrophic events; environmental, health, safety, and product regulations; and other risks and uncertainties described in this release and Intel’s 2024 Form 10-K, Q1 2025 Form 10-Q, Q2 2025 Form 10-Q, and other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they were first made. Intel does not undertake, and expressly disclaims any duty, to update such statements, whether as a result of new information, new developments, or otherwise, except to the extent that disclosure may be required by law.

nltimes.nl - Several major government institutions across the Caribbean part of the Kingdom of the Netherlands were hit by cyberattacks last week, including a ransomware attack on Curaçao’s Tax and Customs Administration that temporarily disabled critical services, NOS reports.

According to Curaçao’s Minister of Finance, ransomware was used in the attack on the tax authority. After the breach was discovered by staff, one of the agency’s systems was taken offline as a precaution. An investigation into the origin and impact of the attack is ongoing. The Ministry of Finance stated that no confidential information was compromised.

Despite the breach, the online platform for filing and paying taxes remained operational. However, both the telephone customer service and in-person assistance were unavailable for several days. All services were restored by Monday, the ministry confirmed.

Meanwhile, the Court of Justice — which operates across all six Caribbean islands of the Kingdom — was also affected by a cyber incident. A virus was detected in the court’s IT system, prompting officials to shut down the entire computer network out of caution. Several court cases scheduled for last week were postponed, although most hearings continued as planned. Restoration efforts are still underway.
In Aruba, hackers also gained unauthorized access to official email accounts belonging to members of parliament. The extent of the breach and potential consequences remain unclear.

In response to the string of incidents, authorities on Sint-Maarten issued a public alert urging businesses and institutions on the islands to increase their cybersecurity vigilance.

The wave of cyberattacks follows a separate hacking incident in the Netherlands just two weeks ago, when the national Public Prosecution Service (Openbaar Ministerie) disconnected all its systems from the internet after detecting a breach. The disruption continues to have major consequences. Defense attorneys have reported significant difficulty accessing essential information, hindering their ability to represent clients.

The Spanish police have arrested two individuals in the province of Las Palmas for their alleged involvement in cybercriminal activity, including data theft from the country's government.

The duo has been described as a "serious threat to national security" and focused their attacks on high-ranking state officials as well as journalists. They leaked samples of the stolen data online to build notoriety and inflate the selling price.

"The investigation began when agents detected the leakage of personal data affecting high-level institutions of the State across various mass communication channels and social networks," reads the police announcement.
"These sensitive data were directly linked to politicians, members of the central and regional governments, and media professionals."

The first suspect is believed to have specialized in data exfiltration, while the second managed the financial part by selling access to databases and credentials, and holding the cryptocurrency wallet that received the funds.

The two were arrested yesterday at their homes. During the raids, the police confiscated a large number of electronic devices that may lead to more incriminating evidence, buyers, or co-conspirators.

Roughly 16% of Swiss federal politicians had their official government email leaked on the dark web. This puts them at risk of phishing attacks or blackmail.

In the latest installment of our investigation into politicians’ cybersecurity practices, we found the official government email addresses of 44 Swiss politicians for sale on the dark web, roughly 16% of the 277 emails we searched. Constella Intelligence(new window) helped us compile this information.

Sharp-eyed readers might wonder why we searched for 277 email addresses if there are only 253 politicians between the Council of States, Federal Council, and National Council. The explanation is some politicians publicly share another email address along with their official government one. In these cases, we searched for both.

Since these email addresses are all publicly available, it’s not an issue that they’re on the dark web. However, it is an issue that they appear in data breaches, meaning Swiss politicians violated cybersecurity best practices and used their official emails to create accounts with services like Dropbox, LinkedIn, and Adobe, although there is evidence some Swiss politicians used their government email address to sign up for adult and dating platforms.

We’re not sharing identifying information for obvious reasons, and we notified every affected politician before we published this article.
Swiss politicians performed roughly as well as their European colleagues, having few fewer elected officials with exposed information than the UK (68%), the European Parliament (41%), and France (18%), and only slightly more than Italy (15%).

It should be noted that even a single compromised account could have significant ramifications on national security. And this isn’t a hypothetical. The Swiss government is actively being targeted on a regular basis. In 2025, hackers used DDoS attacks(new window) to knock the Swiss Federal Administration’s telephones, websites, and services offline. In 2024, Switzerland’s National Cyber Security Center published a report stating the Play ransomware group stole 65,000 government documents(new window) containing classified information from a government provider.

TeleMessage, a company that makes a modified version of Signal that archives messages for government agencies, was hacked.

A hacker has breached and stolen customer data from TeleMessage, an obscure Israeli company that sells modified versions of Signal and other messaging apps to the U.S. government to archive messages, 404 Media has learned. The data stolen by the hacker contains the contents of some direct messages and group chats sent using its Signal clone, as well as modified versions of WhatsApp, Telegram, and WeChat. TeleMessage was recently the center of a wave of media coverage after Mike Waltz accidentally revealed he used the tool in a cabinet meeting with President Trump.

The hack shows that an app gathering messages of the highest ranking officials in the government—Waltz’s chats on the app include recipients that appear to be Marco Rubio, Tulsi Gabbard, and JD Vance—contained serious vulnerabilities that allowed a hacker to trivially access the archived chats of some people who used the same tool. The hacker has not obtained the messages of cabinet members, Waltz, and people he spoke to, but the hack shows that the archived chat logs are not end-to-end encrypted between the modified version of the messaging app and the ultimate archive destination controlled by the TeleMessage customer.

A cyberattack has forced the government-run South African Weather Service (SAWS) offline, limiting access to a critical service used by the country’s airlines, farmers and allies.

The website for SAWS has been down since Sunday evening, according to a statement posted to social media. SAWS has had to use Facebook, X and other sites to share daily information on thunderstorms, wildfires and other weather events.

OpenAI on Tuesday announced the launch of ChatGPT for government agencies in the U.S. ...It allows government agencies, as customers, to feed “non-public, sensitive information” into OpenAI’s models while operating within their own secure hosting environments, OpenAI CPO Kevin Weil told reporters during a briefing Monday.

Chinese hackers breached the US government office that reviews foreign investments for national security risks, three US officials familiar with the matter told CNN.

The theft, which has not previously been reported, underscores Beijing’s keen interest in spying on a US government office that has broad powers to block Chinese investment in the US as tensions between the world’s two superpowers remain high.

The breach was part of a broader incursion by the hackers into the Treasury Department’s unclassified system. The office targeted by the hackers, the Committee on Foreign Investment in the US (CFIUS), in December gained greater authority to scrutinize real estate sales near US military bases. US lawmakers and national security officials have grown increasingly worried that the Chinese government or its proxies could use land acquisitions to spy on those bases.

Several websites were inaccessible for a two-hour period on Friday afternoon

Prohibition would bring the NHS, schools and local councils into line with government departments

Threat actors sponsored by China “compromised” government networks over the past five years and collected valuable information, says a new report from Canada’s cyber spy agency.

“As a result of a multi-step national security review process, which involves rigorous scrutiny by Canada’s national security and intelligence community, the Government of Canada has ordered the wind up of the Canadian business carried on by TikTok Technology Canada, Inc. The government is taking action to address the specific national security risks related to ByteDance Ltd.’s operations in Canada through the establishment of TikTok Technology Canada, Inc. The decision was based on the information and evidence collected over the course of the review and on the advice of Canada’s security and intelligence community and other government partners.

Most of the funds drained from a U.S. government crypto wallet in an apparent attack Thursday were sent back early Friday.

Indonesian President Joko Widodo ordered on Friday an audit of government data centres after officials said the bulk of data affected by a recent ransomware cyberattack was not backed up, exposing the country's vulnerability to such attacks.
Last week's cyberattack, the worst in Indonesia in recent years, has disrupted multiple government services including immigration and operations at major airports.

A cohort of Russian-speaking hackers is demanding $50 million from a UK lab-services provider to end a ransomware attack that has paralyzed services at London hospitals for weeks, according to a representative for the group.
#Britain #Cancer #Ciaran #Europe #Government #Great #HEALTH #Kingdom #London #Martin #NATIONAL #Regulation #SERVICE #United #business #cybersecni #cybersecurity #technology

Former employee says software giant dismissed his warnings about a critical flaw because it feared losing government business. Russian hackers later used the weakness to breach the National Nuclear Security Administration, among others.

A previously discovered vulnerability affecting self-hosted Cisco Webex instances similarly affected the Webex cloud service.

CISA publicly released an emergency directive issued to federal agencies earlier this month, detailing how a breach at Microsoft could have affected the government.

China has introduced guidelines to phase out U.S. microprocessors from Intel (INTC.O), opens new tab and AMD (AMD.O), opens new tab from government personal computers and servers, the Financial Times reported on Sunday.
The procurement guidance also seeks to sideline Microsoft's (MSFT.O), opens new tab Windows operating system and foreign-made database software in favour of domestic options, the report said.