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Lotte Energy Materials to invest 50 billion won to expand Iksan circuit foil capacity for AI demand

Lotte Energy Materials will invest about 50 billion won to expand circuit foil production capacity for AI data centres. The investment will target facility expansion at its Iksan plant in North Jeolla Province, the only circuit foil production base in South Korea. The company aims to raise annual maximum circuit foil capacity to 16,000 tons by 2027. It said the move is a pre-emptive investment aimed at both earnings recovery and market expansion.

Industry

Solus Advanced Materials Q1 operating loss 22 billion won widens 43.8 percent

Solus Advanced Materials posted first-quarter consolidated revenue of 192.6 billion won and an operating loss of 22.0 billion won. Revenue rose 13.6 percent from the previous quarter, but the operating loss widened 43.8 percent from a year earlier. The company cited an incomplete recovery in battery foil output alongside burdens from fixed costs and power prices. Battery foil sales rose 47 percent quarter-on-quarter, while OLED materials sales fell 17.1 percent.

AI & Enterprise

Desilo launches commercial homomorphic encryption software based on GL Scheme

Desilo, a privacy-enhancing technologies company, said on April 28 it has launched commercial software implementing the fifth-generation fully homomorphic encryption technology it calls the GL Scheme. The company said this brings closer the practical use of private AI, which trains and runs inference while data remains encrypted, reducing the risk of data leaks. It said the scheme improves efficiency for matrix multiplication, a key AI workload, and is optimised for CPU and GPU environments with Python support.