# LG Innotek invests $408 million to upgrade chip factory in Gumi

LG Innotek will invest 600 billion won ($408 million) into its factory in Gumi, North Gyeongsang, through December 2026 to ramp up production capacity for chip substrates and camera modules.

- Type: Investment
- Announced: 2025-03-25
- Where: Gumi, North Gyeongsang, South Korea
- Value: $408.0M (600.0B KRW)
- Starts operating: 2026
- Status: announced
- Products: chip substrates, camera modules, FC-BGA packages
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

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

## Sources

- [koreajoongangdaily.com](https://www.koreajoongangdaily.com/business/lg-innotek-to-invest-408-million-to-upgrade-chip-factory/10883369), 2025-03-25: "LG Innotek will invest 600 billion won ($408 million) into its factory in Gumi, North Gyeongsang, through December 2026 to ramp up its production capacity for chip substrates and camera modules."

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