Why are these inductors covered with white stuff?
- Is this to reduce EMI/EMC?
- To reduce of unwanted noise?
Whatever it is, please explain it.
The windings on the inductors can move just a tiny bit, especially if there's a lot of current flowing through the coil. The magnetic field generated by the current flowing in the coil makes the wires move. If the current varies at a frequency that the ear can hear, then the coils will "whine" - they make an audible noise.
The white stuff is to deaden the mechanical vibration from the inductors.
It is to prevent the coils from oscillating (mechanically). You may know that from GPUs "coil whine"
Check how the coils are fastened to the board. They can be too heavy to be held only by a couple of thin soldered wires. I have seen how parts vibrate themselves out of the circuit when there's nothing else keeping them fastened than soldered straight wires in the holes of the PCB. The vibrations were caused by moving the device daily on a car seat, not even in the trunk.
In audio speakers, vehicles and machines the normal operation can be too violent for poorly fastened parts. Coils can vibrate also due the magnetic forces caused by the pulse currents.
You probably see in the future many devices which have parts which are glued to the circuit board with a big splash of white glue.
Officially, the white stuff is called "Potting Compound" and is intended to physically prevent things moving, and/or protect them from being tampered with.
Other answers have explained this specific case, but you will also come across it on many other (mainly quite old) circuit boards with discrete components, particularly where large/heavy items might get shaken loose, eg capacitors on a portable radio.