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Korean Electronics Component Makers See Recovery Through AI-Driven High-End Products

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 [...]

LG Innotek Accelerates Push into Automotive Communication Market with Advanced Digital Key Solution

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 [...]

LG Innotek Develops Nexlide-M Flexible Automotive Lighting

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 [...]

LG Innotek 2022 Net Up 10.3 pct on Demand for Auto Components

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 [...]

LG Innotek to Invest 1.4 tln Won to Expand Capacity for Camera Modules

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 [...]

Camera Modules Emerge as Future Cash Cow for LG and Samsung

SEOUL, June 14 (Korea Bizwire) — Following semiconductors and displays, camera modules are emerging as a future cash cow for South Korean tech firms as the demand for camera modules grows at a healthy pace on the back of the rapid growth of the self-driving cars market. LG Innotek Co., a major electronics components maker, [...]

LG Innotek Develops Eco-friendly Magnet with Enhanced Strength

SEOUL, Sept. 13 (Korea Bizwire) — LG Innotek Co., a major electronics parts maker in South Korea, said Monday it has developed an environmental friendly magnet that boasts enhanced magnetic strength. LG Innotek said the latest magnet, which it developed together with Sunglim Group Industry Co., reduces the use of heavy rare-earth (HRE) metals, a [...]

LG Innotek Establishes AI-powered Patent Analysis System to Boost R&D

SEOUL, April 6 (Korea Bizwire) — LG Innotek Co., a major electronics parts maker in South Korea, said Tuesday it has established an artificial intelligence (AI) powered patent search and analysis system to beef up its research and development (R&D) efforts. With its deep learning technology, the affiliate of LG Electronics Co. said the system [...]

LG Innotek Joins Hands with Microsoft for Cloud-supporting 3D Sensing Cameras

SEOUL, March 8 (Korea Bizwire) — LG Innotek Co., a major electronics parts maker in South Korea, said Monday it has joined hands with Microsoft Corp. to better expand its presence in the 3D sensing component market. Under the partnership, the two sides will collaborate on the development and supply of Time of Flight (ToF) [...]

LG Innotek Develops Industry’s First Automotive Wi-Fi 6E Module

SEOUL, March 2 (Korea Bizwire) — LG Innotek Co., a major electronics parts maker in South Korea, said Tuesday it has developed an automotive Wi-Fi module with advanced wireless communication technology as the company eyes to expand its presence in the future mobility market. LG Innotek claimed its latest automotive Wi-Fi module is the industry’s [...]