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AI & Enterprise

Encore signs distribution deal with Union Systems for DATAWARE solutions

Encore, an AI and data company and a unit of SK Networks, said on Wednesday it signed a master distribution agreement with Union Systems for its data integration management solution suite, DATAWARE. Under the agreement, Union Systems will act as a distributor for the full DATAWARE lineup, including DA#, META#, DQ# and AP#. Encore said the deal aims to help customers secure data readiness and expand its solution partner ecosystem.

Industry

LG Innotek shifts business focus from smartphone substrates to AI servers

LG Innotek is expanding its business focus beyond mobile into AI servers and data centres as demand shifts in the semiconductor substrate market with the spread of inference AI. The company outlined a mid- to long-term growth strategy built around FC-CSP, FC-BGA and RF-SiP substrates. It is accelerating capacity investment in South Korea and Vietnam. Its package solution business posted higher sales and profit last year, and it set targets for 2030 and 2031.

Finance

Elon Musk becomes first trillionaire as SpaceX soars 19 percent on Nasdaq debut

Elon Musk became the first trillionaire in human history after SpaceX shares surged 19 percent on their first day of trading following a Nasdaq listing, giving the company a market value of $2.1 trillion. SpaceX stock opened at $150 a share, rose to $168 and ended at $161. Forbes put Musk’s net worth at $1.1 trillion, while an NYU professor called the IPO valuation unrealistic.