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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

HP pushes AI workstations to cut cloud reliance, expand local computing

HP is positioning so-called agentic AI as a core element of the next workplace and is expanding related hardware and on-device software. The company unveiled new AI PCs and workstation products in Seoul, along with its on-device AI platform, HP IQ. HP said the shift toward AI that understands and executes tasks increases demand for local computing, reducing cloud reliance while strengthening security and performance.

AI & Enterprise

Meta to tap space solar power to secure round-the-clock electricity for data centres

Meta will invest in space-based solar power transmission technology to secure night-time electricity for its data centres. It signed a power capacity reservation agreement of up to 1 gigawatt with startup Overview Energy, its first major demand contract. Meta data centres used more than 18,000 gigawatt hours of electricity in 2024. Overview Energy plans to collect solar energy via satellites and send it as near-infrared beams to ground solar plants.