LG Innotek

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.

LG Innotek has passed quality tests and will supply its Flip Chip Ball Grid Array (FC-BGA) semiconductor substrates to Intel and NVIDIA for use in server GPUs. This marks the first customers for LG Innotek's FC-BGA products.

LG Innotek is constructing a new production line for FC-BGA substrates at its factory in Gumi, North Gyeongsang Province, with an investment of 413 billion won ($336 million). The plant will start production in the second half of 2023.

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.

LG Innotek announced it will expand its operations in San Juan del Río, Queretaro, Mexico, with an investment of US$80 million for 2022. The plant manufactures anti-lock braking systems and other automotive components.

LG Innotek has completed construction of a manufacturing facility for thermoelectric semiconductors in Gumi, North Gyeongsang Province, and plans to start mass production next year.

Sungwoo Techron disclosed a contract with LG Innotek for circuit AOI equipment, valued at KRW 1.5 billion, with a contract period from December 8, 2017 to July 31, 2018.

Sungwoo Techreon signed a supply contract worth KRW 1.5 billion with LG Innotek for circuit AOI equipment, with the contract originally dated December 8, 2017 and disclosed on April 27, 2018.

Sungwoo Techron Co., Ltd. has signed a contract worth 1.5 billion KRW with LG Innotek to supply circuit AOI (automated optical inspection) equipment. The contract period runs from December 8, 2017 to April 30, 2018.