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 [...]
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, [...]
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 [...]
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 [...]
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) [...]
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 [...]
SEOUL, Oct. 14 (Korea Bizwire) — LG Innotek Co., a major electronics components maker in South Korea, said Wednesday it has developed a high-efficiency ferrite core that boasts the lowest power loss in the industry. Ferrite is an iron oxide-based magnetic material used in TV power modules and chargers to switch voltages and filter noise [...]
SEOUL, Oct. 20 (Korea Bizwire) – Foreign speculation that the iPhone X release may be delayed lowered the stock value of South Korean parts suppliers LG Innotek, Samsung SDI and Samsung Electro-Mechanics on October 19, according to industry experts. The share prices of each of the companies dropped below their respective valuations on September 13, [...]
Seoul, Korea, Feb. 18 (Korea Bizwire) – LG Innotek, a leading global components and materials manufacturer, announced the development of an ultra slim optical bio sensor module with the world class level of performance, The optical bio sensor module is mainly adopted wearable devices and smartphones to measure heart rates, stress indices, and oxygen saturation [...]