SEOUL, Dec. 10 (Korea Bizwire) — LG Innotek Co., a major South Korean electronics parts maker, has developed a next-generation smart integrated circuit (IC) substrate that cuts carbon emissions during the manufacturing process by nearly 50 percent compared with existing products, the company said Wednesday. Smart IC substrates are essential parts used to mount IC [...]
SEOUL, Oct. 8 (Korea Bizwire) — South Korea’s leading electronic component makers, Samsung Electro-Mechanics and LG Innotek, are expected to post stronger-than-expected earnings in the third quarter, buoyed by robust demand for Apple’s new iPhone 17 and a strategic shift toward higher-margin products. According to market tracker Yonhap Infomax, the consensus estimate for LG Innotek’s [...]
SEOUL, July 29 (Korea Bizwire) — LG Innotek Co., an electronic component manufacturing unit of LG Group, said Tuesday it has formed a strategic partnership with U.S. software company Aeva Technologies Inc. to collaborate in the laser imaging, detection and ranging (LiDAR) sector. Under the agreement, LG Innotek will provide next-generation frequency modulated continuous wave [...]
SEOUL, July 16 (Korea Bizwire) — LG Innotek has unveiled its latest automotive innovation—a next-generation digital key solution that enhances vehicle security, driver convenience, and child safety through precision wireless communication and AI-powered features. At a technology showcase held on July 15 at its Seoul headquarters, LG Innotek demonstrated a range of functionalities enabled by [...]
SEOUL, April 23 (Korea Bizwire) — LG Innotek Co., an electronic component manufacturing unit of LG Group, said Wednesday its first-quarter net profit tumbled nearly 40 percent due to waning demand and intensifying competition. In a regulatory filing, the company reported a net income of 85.6 billion won (US$60.1 million) for the January-March period, down [...]
SEOUL, March 10 (Korea Bizwire) — Leading South Korean electronics component manufacturers are bouncing back from the global IT slowdown by focusing on high-value products driven by artificial intelligence (AI) technology. LG Innotek and Samsung Electro-Mechanics, which achieved record sales last year despite profitability challenges, are now poised for a significant turnaround. According to market consensus [...]
SEOUL, July 23 (Korea Bizwire) – LG Innotek, a leading electronics components manufacturer, announced on June 22 its plans to accelerate its expansion into the automotive communication parts market with a cutting-edge digital key solution. Digital keys, which allow users to lock, unlock, and start vehicles using smartphones connected via wireless technology, have seen a surge [...]
SEOUL, June 1 (Korea Bizwire) — LG Innotek Co., a South Korean major electronics parts maker, said Wednesday it has developed a flexible and stereoscopic automotive lighting solution, Nexlide-M. Constructed from a flexible resin material, this product can smoothly bend to fit onto vehicles in different configurations, including daytime running lights (DRL) and rear combination [...]
SEOUL, Jan. 25 (Korea Bizwire) — LG Innotek Co., an IT parts manufacturer, on Wednesday said its net profit for 2022 rose more than 10 percent, helped by robust sales of high-value products and growing demand from automotive components customers. In a regulatory filing, LG Innotek, Apple’s largest partner in the field of optics, reported [...]
SEOUL, July 6 (Korea Bizwire) — LG Innotek Co., a South Korean major electronics parts maker, said Wednesday it will invest 1.4 trillion won (US$1.07 billion) to expand the production capacity of camera modules and other electronic parts. LG Innotek, a camera module supplier for Apple’s iPhone, signed a memorandum of understanding with the city [...]