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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.

Crypto

Juniper Research sees cross-border B2B stablecoin payments reaching $5 trillion by 2035

Cross-border business-to-business stablecoin payments could reach $5 trillion by 2035, according to a Juniper Research report cited by CoinDesk. Juniper expects the market to expand 373-fold from an estimated 13.4 this year, and said 85 percent of total stablecoin transaction value in 2035 could come from B2B activity. It said stablecoins are being integrated into cross-border trade, treasury operations and supply-chain settlement.

AI & Enterprise

Why OpenAI wants to make its own smartphone: AI agents

OpenAI is developing an AI processor for smartphones in cooperation with MediaTek and Qualcomm, and Luxshare has been selected as the exclusive co-design and manufacturing partner for the system, Apple-focused analyst Ming-Chi Kuo (밍치궈) said on X on April 27. Based on industry information, OpenAI is aiming to begin mass production in 2028, he said. He expects product specifications and suppliers to be finalised in late 2026 to the first quarter of 2027.