# LG Innotek to invest 1.4 trillion won to expand camera module capacity in Gumi

LG Innotek will invest 1.4 trillion won (US$1.07 billion) to expand production capacity for camera modules and other electronic parts at its Gumi manufacturing campus in South Korea. The investment will add production lines by the end of 2023.

- Type: Investment
- Announced: 2022-07-06
- Where: Gumi, North Gyeongsang Province, South Korea
- Value: $1.07B (1400.0B KRW)
- Starts operating: 2023
- Status: announced
- Products: camera modules, Flip Chip Ball Grid Array (FC-BGA) semiconductor packaging
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [LG Innotek](https://endata.com/companies/17994.md)

## Sources

- [en.yna.co.kr](https://en.yna.co.kr/view/AEN20220706007900320), 2022-07-06: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.