LG Innotek is planning to diversify its business portfolio, which is currently focused on camera modules for mobile devices, by growing its sales of automotive components to 5 trillion won ($3.8 billion) within five years, up from the current 2 trillion won, its CEO said Thursday.
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LG Innotek invested in Taiwan-based lens manufacturer AOE Optronics to expand the market for optical components for autonomous vehicle cameras and extended reality (XR) devices.
LG Innotek, the electronic component manufacturing unit under LG Group, said Monday that it had attracted more than 60,000 visitors to its exhibition booth during the CES 2024 tech show last week, a threefold increase from a year before. “At this year’s CES, LG Innotek has positioned itself as a leading company in the field of future mobility as well as accelerating the acquisition of potential customers .
Leaders of South Korea’s top conglomerates are set to converge at CES 2024 in Las Vegas next month to immerse themselves in emerging tech trends and expand global business networks. SK Group Chairman Chey Tae-won will be making his second consecutive appearance after last year's CES. “I’m also wondering how far artificial intelligence can be evolved. Drastic changes are expected to be made in t.