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LG Innotek to build FC-BGA into 700 million USD business by 2030 with its state-of-the-art Dream Factory

SEOUL, South Korea, April 30, 2025 /PRNewswire/ — LG unveiled the Dream Factory, a hub for the production of FC-BGAs (Flip Chip Ball Grid Arrays), the company’s next-generation growth engine, to the media for the first time and announced it on the 30th April.

A process of Line Quality Control (LQC), which checks whether the product meets the specifications (thickness, size, etc.) required by the customer. The inspection result data is immediately transmitted to the customer and cannot be manipulated. This quality transparency is one of the most important factors for LG Innotek’s global clients.
A process of Line Quality Control (LQC), which checks whether the product meets the specifications (thickness, size, etc.) required by the customer. The inspection result data is immediately transmitted to the customer and cannot be manipulated. This quality transparency is one of the most important factors for LG Innotek’s global clients.

In 2022, LG Innotek announced its plans to launch a business producing FC-BGAs, high-value semiconductor substrates. To build the Dream Factory, the company acquired LG Electronics’ Gumi 4 Factory and began full-scale mass production in February 2024.

The Dream Factory, spanning a total area of 26,000 square meters, is regarded as the industry’s most advanced “smart” factory, integrating the latest IT technologies, including artificial intelligence, deep learning, robotics, and digital twin technologies. By applying automation, information, and intelligence technologies to the entire process, it has established a cutting-edge FC-BGA production infrastructure that eliminates the four major factors known to undermine production competitiveness: human error (Man), failure cost (F-cost), breakdown maintenance (BM) loss, and accidents.

  • “Elimination of defects caused by human contact” through automation of all processes and logistics using robots

For semiconductor substrate products such as FC-BGAs, which require a highly demanding ultra-fine process, even the smallest foreign objects (eyelash, saliva, etc.) can cause quality issues. Therefore, it is crucial to minimize human contact with products during production.

To this end, LG Innotek has introduced a completely automated logistics system at the Dream Factory, where coming across a person is a rare event. Apart from essential personnel, such as equipment maintenance and repair workers, all 10 steps of the FC-BGA production and logistics processes are unmanned.

Dozens of autonomous mobile robots (AMRs) move materials around the production line autonomously. When a production order is placed, which is done automatically, based on the customer’s delivery timeframe entered in the RTS (real-time schedule), the AMRs transport the raw materials to the process facility. Once the barcode on the raw material is detected, also done automatically, by the machine, the process recipe is automatically set on the equipment according to the product specifications through the recipe management system (RMS), after which the product processing begins. The AMRs are also responsible for loading the finished product back into the stocker.

In addition, the process of peeling off the protective film from the panel (film detach) is also replaced by a robot. This enables the early prevention of fine scratches and defects caused by foreign objects such as dust particles and foreign substances. The construction of non-touch production facilities, involving such equipment as collaborative robots, in the entire process has significantly reduced mishandling by workers.

  • Unmanned AI-based FC-BGA quality inspection, enhancing customer confidence by ensuring quality “transparency”

The Dream Factory generates more than 200,000 files and 100GB of data related to FC-BGA production every day. LG Innotek collects this data throughout the production process through sensors installed in all of its facilities.  By applying AI, which continuously learns from this big data, to the defect prediction and inspection system, the company has significantly reduced the lead time caused by defects.

In addition, LG Innotek has applied an AI deep learning vision inspection system to the Automated Optical Inspection (AOI) process, which is the most important step in determining whether a product is of good quality. Tirelessly, the robot moves the finished FC-BGA board products to the vision screening inspection table. Next, the AI, which has been trained on tens of thousands of data points on defective and good quality FC-BGAs, detects micro-level defects that are challenging to identify with the naked eye, and it does so in only 30 seconds.

LG Innotek is operating a further advanced AOI process. In the room next to the AOI equipment for faulty circuits, there is a much larger robot and inspection system. Called Line Quality Control (LQC), it can automatically check whether the various specifications (thickness, size, etc.) of the product requested by the customer have been fulfilled. The inspection data is immediately sent to the customer, ensuring product quality transparency, which leads to higher customer confidence. This industry-leading sophistication of LG Innotek’s AOI equipment has been cited as one of the most impressive aspects of the factory by the global customers who have visited it.

AI can identify defective products, and since every product has a barcode that tracks its process history, products that are deemed defective are automatically filtered out without the need for human intervention, reducing F-costs by more than 50%.

Additionally, AI has been applied to the digital simulation system, which prevents product defects and equipment failures. Previously, the process of workers manually checking products for defects and identifying which machines were faulty and how to repair them in response to defects required a lot of time. This can now be significantly improved.

By 2026, LG Innotek plans to introduce an intelligent Quality Management System (i-QMS) that detects and analyzes quality irregularities during production in real time and automatically corrects them. The company plans to automate the entire FC-BGA production process, especially by developing a platform that uses digital twin technology to share information on all processes, from product development to production, with customers in real time to enhance customer responsiveness.

  • Optimized FC-BGA process equipment using digital twin technology, “halving the ramp-up period”

Since even the smallest variables can lead to poor performance in FC-BGAs, equipment optimized for mass production and process recipes and production environments set to perfect values are fundamental to achieving high yields.

The FC-BGA process equipment installed in the Dream Factory is set to optimal conditions through digital twin technology. In the past, identifying optimal conditions for the FC-BGA process required a lot of time and money, along with hundreds of tests. Before building the facility, LG Innotek managed to identify problems with the initial setup of the FC-BGA process facility in advance by conducting a “factory simulation” using 3D modelling in virtual space. This enabled the facility to be carefully set for optimal conditions, such as liquid, heat, and air flow, which were difficult to measure inside the actual facility. As a result, the ramp-up period (increase in production capacity by improving initial production yields) was shortened by nearly half compared to the previous operation period.

In addition, digital twin technology is applied to the Line Monitoring System (LMS), which monitors production status in real time. The real-time monitoring system enables users to monitor the production line currently in operation, product movement, inventory status, equipment irregularities, production performance, and product quality status at a glance on the large screen of the integrated control room where the LMS is installed. This makes it possible to respond immediately in the event of any irregularity.

  • Internalization of glass core technology, step-by-step entry into the high-end FC-BGA market: “Fostering the business into 700 million USD business by 2030″

Over the past 50 years, LG Innotek has accumulated core technologies for high-value semiconductor substrates, such as ultra-fine microcircuits and high-density, multi-layer substrate matching technology (stacking multiple substrate layers accurately and evenly), through its substrate material components business.

Based on this know-how, the company began full-scale mass production of FC-BGAs for personal computers (PCs) for North American big-tech customers at the end of last year and recently succeeded in securing additional global big-tech clients. This year, LG Innotek aims to enter the FC-BGA market for PC central processing units (CPUs). Its strategy is to enter the high-end FC-BGA market in phases, including entering the server FC-BGA market as early as 2026. In preparation for this, LG Innotek has already acquired facilities that are essential in the manufacturing of FC-BGA products for servers, such as “edge coating” that blocks the generation of dust particles.

In line with this goal, LG Innotek will also accelerate the development of next-generation substrate technologies in collaboration with global big-tech clients. By 2027, the company plans to internalize technologies such as re-distribution layer (RDL) technology, which engraves microcircuit patterns directly onto the substrate; device embedding technology, which minimizes power loss by embedding devices into the substrate; and multi-layer core (MLC) and glass core (glass substrate) technologies, which prevent warping when implementing large-area substrates. In particular, LG Innotek has been promoting glass substrates by strengthening its collaboration with global customers.

Minseok Kang, vice president and head of LG Innotek’s Substrate & Material Business Unit, said, “LG Innotek will continue to expand the production of FC-BGAs that provide exceptional customer value based on its state-of-the-art Dream Factory and develop the FC-BGA business into 700 million USD business by 2030.”

According to the Fuji Chimera Research Institute, the size of the global FC-BGA market is expected to more than double from USD 8 billion in 2022 to USD 16.4 billion in 2030.

[Glossary]

FC-BGA (Flip Chip Ball Grid Array): This is a semiconductor substrate that is widely applied to electronic devices equipped with semiconductor chips (CPU, GPU, AI chips, etc.) that perform various computing functions. Demand for high-performance semiconductor substrates is growing rapidly due to increased data throughput, higher semiconductor processing speeds, and the need for low-power semiconductors. For these reasons, FC-BGAs have a larger area and more layers than conventional semiconductor substrates. They are also known to have high barriers to market entry because they require top-level facilities and technologies to produce.

U POWER Tech Unveils All-Electric Vehicle Solution at ACT Expo

SHANGHAI, April 30, 2025 /PRNewswire/ — U POWER Tech, a global innovator in smart electric vehicle solutions, today showcased its complete lineup of urban logistics and specialty EV platforms at ACT Expo, North America’s largest commercial vehicle event. This showcase marks a significant milestone for U POWER Tech’s strategic expansion into North America, highlighting its groundbreaking skateboard chassis technology designed to transform the commercial vehicle sector.

At ACT Expo, U POWER Tech introduced three purpose-built products:

  • UP VAN: Engineered specifically for last-mile delivery, the UP VAN is the world’s most energy-efficient commercial Delivery Van, offering unmatched operational efficiency through longer range, reduced energy consumption, and optimized cargo space. It empowers logistics providers to drastically reduce operational costs and improve productivity in urban environments.
  • UP Chassis Cab: UP Chassis Cab allows for easy upfitting. It meets rigorous European crash standards, ensuring safety and compliance, while providing a smart, flexible solution to businesses seeking rapid electrification of their fleets.
  • UP Chassis: A highly versatile platform designed for multiple duty cycles and applications. UP Chassis meets the needs of many commercial and fleet customers, enabling fully electric, purpose-built solutions for demanding end users.

All products presented by U POWER Tech feature comprehensive electric and intelligent capabilities, offering commercial vehicle operators the industry’s most advanced and customizable electrification solutions—catering precisely to their individual requirements.

Leveraging innovation from Silicon Valley and supply-chain strength from China, U POWER Tech has built a robust global value chain covering key EV components such as batteries, motors, and controls. The company is already delivering products in North America, Europe and Africa, and the launch in ACT will further deepen its global expansion. U POWER Tech has secured substantial funding from investors including Matrix Partners, ZhenFund, and Bosch’s Boyuan Capital, affirming the commercial viability and growth potential of its technology.

ACT EXPO U POWER Tech booth
ACT EXPO U POWER Tech booth

“ACT Expo marks a key milestone for us,” said Yao, General Manager of U POWER Tech North America. “We’re committed to delivering exceptional products while working together to build a zero-carbon logistics ecosystem that makes electric mobility both accessible and efficient.”

As an industry disruptor, U POWER Tech is transforming electric vehicle development with its skateboard chassis technology. Leading the shift from traditional single-model to a shared-platform development, U POWER is redefining how commercial vehicles are built, scaled, and electrified.

About U POWER Tech

Established in 2021 in Shanghai and Silicon Valley, U POWER Tech specializes in smart EV solutions built on skateboard chassis technology, driving the automotive industry’s transition toward standardized, platform-based electric vehicles globally.

Work+Store Expands Storage Solutions with Premium Wine Storage Service in Kallang Bahru


SINGAPORE – Media OutReach Newswire – 30 April 2025 – Work+Store, a leading provider of self-storage solutions in Singapore, has officially launched its premium wine storage service in response to rising demand for secure, climate-controlled storage among wine collectors, enthusiasts and merchants. Located at 202 Kallang Bahru, the facility is designed to offer optimal conditions for long-term wine preservation in a convenient central location.

Work+Store Wine Storage

The new service, which commenced in February 2025, expands Work+Store’s storage offerings to meet the lifestyle needs of a growing base of customers seeking purpose-built solutions. Over the past year, the company observed a noticeable increase in customer inquiries regarding wine storage, with more individuals and businesses in Singapore beginning to collect and store wine.

The Kallang Bahru facility offers temperature-controlled walk-in units and private lockers, maintained between 12 and 14 degrees Celsius with stable humidity levels to help preserve wine quality over time. Located on the ground floor near a loading bay, the units allow for easy transportation of wine collections in and out of storage.

Customers have 24-hour access to their units, providing flexibility to retrieve or manage their collections at their convenience. Security features include round-the-clock CCTV monitoring, PIN-code access, and individual padlocks. Insurance coverage is also included for additional peace of mind.

To mark the launch, Work+Store is offering a limited-time promotion of three months plus 35 percent off wine locker rentals for new customers.

The decision to introduce premium wine storage was guided by customer insights and industry observations. As interest in wine grows, more collectors are exploring ways to expand their storage options beyond their homes.

“In the last couple of years, I’ve noticed that more people are bringing their own wine to restaurants and starting personal collections,” shared Danny Wong, CEO of Work+Store at Work+Store. “After speaking with friends and customers, it became clear that while interest in wine is growing, space at home is often limited. Our new premium wine storage gives wine lovers the opportunity to store their collections in a secure, climate-controlled environment with easy access whenever they need.”
Hashtag: #ValetStorage #WineStorageSingapore #StorageSolutionsSingapore

The issuer is solely responsible for the content of this announcement.

About Work+Store

Work+Store, a subsidiary of LHN Group, is a leading provider of affordable and secure in Singapore. Catering to both businesses and individuals, the company offers flexible storage options, whether for temporary needs during renovations or long-term inventory storage. Committed to convenience and accessibility, Work+Store continues to expand its offerings to meet the evolving storage demands of its customers.

For more information or to reserve a unit, visit or contact Work+Store at +65 8722 8000.

CNFinance Files Annual Report on Form 20-F for Fiscal Year 2024

GUANGZHOU, China, April 30, 2025 /PRNewswire/ — CNFinance Holdings Limited (NYSE: CNF) (“CNFinance” or the “Company”), a leading home equity loan service provider in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the U.S. Securities and Exchange Commission (“SEC”) on April 29, 2025.

The annual report can be accessed on the Company’s investor relations website at http://ir.cashchina.cn as well as the SEC’s website at http://www.sec.gov

The Company will provide a hard copy of its annual report, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to the Company’s IR Department at ir@cashchina.cn

About CNFinance Holdings Limited

CNFinance Holdings Limited (NYSE: CNF) (“CNFinance” or the “Company”) is a leading home equity loan service provider in China. CNFinance, through its operating subsidiaries in China, conducts business by connecting demands and supplies through collaborating with sales partners and trust companies under the trust lending model, and sales partners, local channel partners and commercial banks under the commercial bank partnership model. Sales partners and local channel partners are responsible for recommending micro- and small-enterprise (“MSE”) owners with financing needs to the Company and the Company introduces eligible borrowers to licensed financial institutions with sufficient funding sources including trust companies and commercial banks who will then conduct their own risk assessments and make credit decisions. The Company’s primary target borrower segment is MSE owners who own real properties in Tier 1 and Tier 2 cities and other major cities in China. The Company’s risk mitigation mechanism is embedded in the design of its loan products, supported by an integrated online and offline process focusing on risks of both borrowers and collateral and further enhanced by effective post-loan management procedures.

Coda unveils ESG roadmap to drive data privacy, ethics, and sustainability


SINGAPORE – Media OutReach Newswire – 30 April 2025 – Coda, a leader in digital content monetization, today released its inaugural Environmental, Social, and Governance (ESG) Report, detailing its commitment to sustainable growth, responsible operations, and creating long-term value for its stakeholders. The report details its ESG commitments and progress to-date across three business-critical areas that align with the broader fintech and payments industry’s focus. They are Data Privacy and Security, Ethics and Compliance, and Social and Labor Practices.

“We’re proud to release Coda’s first ESG report, a key step in our journey as a trusted global digital commerce partner,” said Shane Happach, CEO of Coda. “From reducing carbon emissions to enhancing data security, we are taking concrete steps to build a responsible and resilient business. This is just the beginning, and we’ll continue working with stakeholders to drive meaningful impact.”

Key Highlights:

  • Carbon Reduction: A 30% reduction in carbon footprint by 2030 (from a 2023 baseline) and net-zero emissions by 2040 through energy-efficient office spaces and partnerships with cloud providers using carbon-free energy.
  • Employee Well-being & Engagement: Achieve an engagement score of >80% by 2026.
  • Governance & Transparency: Publish an annual ESG report with a gradually expanding scope of disclosures, and consider aligning with a recognized reporting framework by 2026.
  • Data Security & Transparency: Achieve ISO 27001 certification by 2026 and maintain zero major data breaches. Formalize a quarterly security dashboard and externally publish a summary of our security efforts by 2025. Finally, to gradually work towards SOC 2 compliance for key systems by 2027.

Key Next Steps:

  • Internal Alignment: To support these targets, Coda will establish an internal ESG Steering Committee in 2025 to drive cross-functional execution of ESG initiatives and monitor progress on targets.
  • Data Enhancement: Strengthen ESG data collection systems by implementing tools that enable more detailed and accurate tracking, such as enhanced measurement of carbon emissions at a granular level.
  • Policy Updates: Develop or update policies to support target achievement. For example, a Green Procurement Policy to favor low-carbon suppliers.
  • Benchmarking: Continue to benchmark against industry peers and standards to inform our strategy.
  • Stakeholder Engagement: Increase engagement with both internal and external stakeholders on ESG. Internally, communicate the ESG roadmap to all employees so they understand our collective goals and their role in achieving them. Externally, gather feedback from investors, partners, and even customers on what ESG information they care about most, to ensure our reporting remains relevant.

Coda will regularly update our ESG priorities and targets to adapt to changing regulations, stakeholder needs, and new opportunities like emerging technologies. Our goal is a flexible ESG program that can respond to evolving challenges.

You can access the full report here.

The issuer is solely responsible for the content of this announcement.

About Coda

Founded in 2011, brings over a decade of experience in delivering commerce solutions and strategies that drive revenue growth. Trusted by more than 300 publishers—including industry titans like Activision, Bigo, Electronic Arts, Moonton and Riot Games—Coda grows revenue and deepens customer engagement for our partners by connecting them to 200M+ paying customers worldwide. Coda’s commerce, payment and distribution solutions include , a fully customizable web store, which provides direct API payments integration on publishers’ websites, , the go-to online marketplace for millions of gamers worldwide to purchase in-game content and , where we extend the reach of Codashop content across our network of trusted commerce partners. Headquartered in Singapore with 400+ Codans globally, Coda has most recently been recognized as an (2023) by the Financial Times, one of Granite Asia’s (2024), a payments leader in list (2024), and listed in The Straits Times (2024).

MUNIK Receives DEKRA’s First ISO/PAS 8800 Certificate for Automotive AI Safety Development Process

SHANGHAI, April 30, 2025 /PRNewswire/ — MUNIK, a leading automotive safety technology firm, has been awarded the world’s first ISO/PAS 8800 certification by DEKRA, Germany’s largest independent testing and certification organization. This milestone underscores MUNIK’s pioneering role in integrating artificial intelligence (AI) safety within automotive development processes.

China’s automotive industry has experienced rapid growth in recent years, propelled by the rise of new energy vehicles (NEVs), a comprehensive industrial ecosystem, and a vast pool of engineering talent. This evolution has fostered robust innovation across the supply chain, encompassing chip manufacturing, software systems, vehicle components, domain controllers, and original equipment manufacturers (OEMs).

As vehicles become increasingly central to mobility, ensuring their safety has become paramount. And the automotive sector has proactively adopted voluntary safety standards. Since its introduction in 2012, the ISO 26262 functional safety standard has been widely implemented by OEMs and suppliers globally. Subsequent standards, including ISO 21434 for cyber security, ISO 21448 for safety of the intended functionality (SOTIF), and the recently published ISO/PAS 8800 for AI safety in December 2024, have further reinforced the industry’s commitment to comprehensive safety frameworks.

Building upon extensive experience in ISO 26262, ISO 21448, ISO 21434, and ASPICE projects, MUNIK made preparations for the application and practice of automotive AI safety technology and initiated the development of an ISO/PAS 8800-compliant process. Since 2022, in order to provide better technical service for our customers. Collaborating with German and domestic experts in AI automotive safety, MUNIK established a robust development framework through iterative enhancements. This effort culminated in a successful independent safety audit by DEKRA, resulting in the final certification of ISO/PAS 8800.

On April 30, 2025, Mr. Li Mingxun, General Manager of Functional Safety at DEKRA China, presented the ISO/PAS 8800 certification to Mr. Fan Wentao, Director of Automotive Safety at MUNIK. The ceremony was witnessed by esteemed guests, including Secretary Dong Qing of the Songjiang District Association for Science and Technology, Ms. Xiao Lan, Chairperson of the Huoshui Association for Science and Technology, and Mr. Wang Jianguo, MUNIK’s Chief Technology Officer and Senior Partner.

MUNIK places significant emphasis on developing capabilities that address the safety challenges posed by AI integration in vehicles. The ISO/PAS 8800 standard mandates that companies embedding AI technologies into vehicle systems must establish comprehensive safety processes. Leveraging over 25 years of expertise in electronic and electrical design, along with 15 years in functional and general safety design and certification, MUNIK collaborated with German AI automotive experts and leading Chinese universities, including Zhejiang University and Fudan University, to construct a robust automotive safety development process. This process encompasses AI-specific attributes such as bias, prediction, robustness, and generalization, ensuring thorough design considerations and the establishment of safety guidelines.

MUNIK’s aligns development process with ISO/PAS 8800’s Section 6.2 requirements, addressing AI system items, traditional hardware AI components, and software components implementing AI models. The process integrates AI safety considerations across the entire product lifecycle, including functional safety management (Part 2), concept phase (Part 3), technical safety concept (Part 4), hardware development (Part 5), software development (Part 6), and production aspects (Part 7). Furthermore, it harmonizes with ISO 21448’s SOTIF requirements, ensuring a cohesive approach to AI-related safety risks.

Mr. Li Mingxun of DEKRA China remarked, “The award of the ISO/PAS 8800 functional safety process certification marks a significant milestone for both DEKRA China and MUNIK. We are committed to collaborating with MUNIK to contribute professional expertise to China’s automotive safety landscape. This partnership exemplifies the importance of specialized collaboration in meeting global functional safety service requirements.”

Secretary Dong Qing of the Songjiang District (Shanghai) Association for Science and Technology commented, “As the Huoshui Association embarks on a new chapter, Vice Chairman Mr. Wang Jianguo, also the founder of Shanghai MUNIK Technology Services Co., Ltd., has led the company to become a benchmark in safety design technical services. MUNIK’s rapid development in Songjiang and its contributions to the automotive and chip design industries are commendable. The district will continue to support MUNIK’s growth, anticipating further contributions to China’s automotive industry.”

Mr. Wang Jianguo, MUNIK’s Chief Technology Officer and Senior Partner, concluded, “We aspire for MUNIK’s advancements in ISO/PAS 8800 AI-integrated safety design to catalyze progress across the industry, mirroring our past contributions in sectors such as general industrial functional safety, process industry safety, industrial robotics, and AGVs. By offering ISO/PAS 8800 technical training, consulting, and assessment services to automotive EE design enterprises, MUNIK aims to lead the integration of AI safety technologies in automotive applications, fostering the rapid development of top-tier domestic automotive safety product companies. This mission is shared by all Chinese enterprises, and we are steadfast in our commitment to making safety the cornerstone of our automotive industry’s rapid advancement.”

TEL:+8615601875272
EMAIL: shmunik@munik.com 
WEBSITE:www.munik.com

Flash Coffee secures $3m in new funding to accelerate growth & expand new store concept across Indonesia

JAKARTA, Indonesia, April 30, 2025 /PRNewswire/ — Flash Coffee, the Indonesia-based coffee chain, today announced an additional $3 million in funding to fuel its expansion across the country. The round was led by TA Ventures, a global early-stage venture capital firm, and supported by long-term existing investor White Star Capital.

Flash Coffee has secured this new round of investment to accelerate its national expansion, following a year of strong performance & profitability. This funding is a direct vote of confidence in the business, driven by a clear demonstration of healthy unit economics and an impressive average store-level EBITDA of 22%, while our new stores are even stronger at 36% EBITDA, which is well above industry benchmarks.

The capital will be used to fuel Flash Coffee’s growth trajectory, supporting its goal of surpassing 70 stores across Indonesia in 2025 & launching in two new cities. With revenues per store having doubled in the past year, all stores are now operating profitably, Flash Coffee is well-positioned to scale while continuing to deliver standout, design-forward lifestyle experiences.

“The past year has been about discipline. We’ve focused on getting the fundamentals right; profitable stores, stronger teams, better menus, and spaces that reflect the modern Indonesia. We didn’t chase growth; we earned it,” said Jakob Angele, Executive Chairman of Flash Coffee. “This latest investment will help us scale what works: beautifully designed stores, high-performing teams, and a product that speaks to today’s Indonesian consumer.”

Flash Coffee’s bold new store design, featuring natural textures, regional materials, and lush greenery, sets a new standard for Indonesia, encouraging customers to stay longer and connect more deeply with the brand. With the introduction of our refreshed logo and the ‘Kebanggaan Indonesia’ (‘Proudly Indonesian’) watermark, Flash Coffee is going back to its Indonesian roots by blending local craft, culture & community into every detail.

Designed entirely in-house, this identity isn’t just about aesthetics, it’s a strategic driver of profitability and loyalty, reinforcing Flash Coffee’s deep connection to both customer and country as they expand deeper into existing cities and new locations across Indonesia.

“We spent significant time analysing the opportunities of this category in Southeast Asia, as a result we’re excited to join Flash Coffee’s journey,” said Richard Armstrong, Venture Partner & SEA Lead, TA Ventures.  “Today’s Indonesian consumer is cross-generational, seeking experiences that are meaningful and personal.  Flash Coffee has perfectly adapted, responding to this shifting consumer behaviour.”

For photos of Flash Coffee’s redesigned stores, click here.

About Flash Coffee

Flash Coffee is redefining coffee culture for Indonesia’s young-minded generation, those who value craft, connection, and a strong sense of place.

Focused on sit-and-stay environments, Flash Coffee delivers handcrafted barista-quality coffee at scale within spaces that are thoughtfully designed to reflect Indonesian identity: modern, warm, and proudly local. Every store is designed to wrap around the consumer, inviting lingering, conversational and communal, bringing together the best of local flavor and global quality in a way that resonates deeply with today’s customers.

About TA Ventures

TA Ventures is a global early-stage venture capital firm backing visionary founders across the US, Europe, Southeast Asia, and MENA. Since 2010, TA Ventures has backed 250+ startups, including SumUp, DeepL, Impress, and other breakout category leaders.

DAR GLOBAL AND THE TRUMP ORGANIZATION LAUNCH DUBAI’S NEW ICON, TRUMP INTERNATIONAL HOTEL & TOWER

DUBAI, United Arab Emirates, April 30, 2025 /PRNewswire/ — Dar Global, the London-listed luxury real estate developer, and The Trump Organization have announced the launch of Trump International Hotel & Tower, Dubai, reaffirming their confidence in the region’s long-term growth potential and commitment to delivering exceptional value to investors and residents alike.

DAR GLOBAL AND THE TRUMP ORGANIZATION LAUNCH DUBAI'S NEW ICON, TRUMP INTERNATIONAL HOTEL & TOWER
DAR GLOBAL AND THE TRUMP ORGANIZATION LAUNCH DUBAI’S NEW ICON, TRUMP INTERNATIONAL HOTEL & TOWER

This landmark project marks the Middle East’s first and only Trump International Hotel & Tower and represents the fifth collaboration between Dar Global and The Trump Organization. Building on the success of developments such as Trump Tower Jeddah in Saudi Arabia and Trump International Golf Club and Hotel in AIDA, Oman’s most luxurious beach master community, this new icon is set along Sheikh Zayed Road at the entrance of Downtown Dubai.

Trump International Hotel & Tower, Dubai blends world-class hospitality with exclusive residential offerings and is poised to further elevate the city’s thriving real estate and tourism sectors. Occupying 80 floors at 350m, the project presents lavish hospitality offerings comprising exquisite rooms and suites, private lounges, personalized service, and world-class amenities for guests. The Trump –a private, members-only club, offers unmatched exclusivity and experience for select members. With sweeping views of the Burj Khalifa, the property will feature an exclusive resort-style pool dedicated to residents only. Furthermore, residents and guests will enjoy access to the highest outdoor pool in the world.

Crowning the Tower, two distinctive penthouses with sky pools epitomize the best of design elegance and exclusivity. Inspired by the legendary Trump Tower Penthouse on New York’s 5th Avenue, these breathtaking duplexes boast floor-to-ceiling windows that capture sweeping views of the Dubai skyline.

Eric Trump, The Trump Organization Executive Vice President, said: “Trump International Hotel & Tower, Dubai is a project that reflects our unwavering commitment to excellence, luxury and innovation. We are honored to partner once again with Dar Global on this landmark development, bringing unparalleled quality and world-class amenities to Dubai’s luxury market.”

Ziad El Chaar, Dar Global CEO, added: “Dubai’s vibrant economy and strategic location make it a prime destination for global investment, and Dar Global recognizes this potential. The Trump International Hotel & Tower, developed alongside the Trump Organization, is perfectly positioned to capitalize on this growth, offering investors a unique opportunity to participate in Dubai’s success story.”