# LG Innotek invests $823M to expand camera module plant in Hai Phong, Vietnam

LG Innotek is investing an additional $823 million in its Hai Phong, Vietnam facility to increase camera module production capacity from 360 million to 390 million units annually, plus new production of transmission items and 3D sensor modules. The expansion will be completed in phases, with official operations starting July 2025 for phase one and February 2030 for phase two.

- Type: Expansion
- Announced: 2024-07-19
- Where: Hai Phong, Trang Due Industrial Park, Vietnam
- Value: $823.0M
- Starts operating: Jul 2025
- Status: under construction
- Capacity: 390 million camera modules annually, 71.5 million transmission items, 134 million 3D sensor modules
- Products: camera modules, transmission items for camera modules, 3D sensor modules
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

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

## Sources

- [theinvestor.vn](https://theinvestor.vn/lg-innotek-invests-further-823-mln-in-vietnam-to-raise-camera-module-production-d11314.html), 2024-07-19: "LG Innotek will focus the investment on its current factory in Trang Due Industrial Park."

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