LG Innotek inaugurated a new semiconductor substrate production facility on April 17 in Gumi, North Gyeongsang Province, South Korea. Named the “Dream Factory,” the facility is focused on producing Flip Chip Ball Grid Array (FC-BGA) substrates, a key component for connecting semiconductor chips to mainboards. These high-density substrates are indispensable for high-performance computing, artificial intelligence, servers, and autonomous vehicles, all sectors poised for robust growth.

Intel is preparing to unveil plans to cut more than 20% of its global workforce this week, according to a Bloomberg report citing a source familiar with the matter. The move marks a major restructuring under newly appointed CEO Lip-Bu Tan, who assumed the role last month.