BOOKMARK
  • Korean|
  • Chinese|
  • Japanese|
  • Vietnamese
본문내용 바로가기

Aju Business Daily

SEARCH
  • ECONOMY
  • ENTERTAINMENT
  • IT
  • South Korea
  • North Korea
  • WORLD
  • SPORTS
  • LIFESTYLE
  • AUTO MOTIVE
  • OPINION
  • PEOPLE
  • MILITARY
Home > Business > article

LG Innotek's new investment in optical solution business receives positive market response

Lim Chang-won Reporter(cwlim34@ajunews.com) | Posted : Febuary 18, 2021, 11:15 | Updated : Febuary 18, 2021, 11:15
  • 트위터
  • 페이스북
  • 웨이보

[Courtesy of LG Innotek]



SEOUL -- A new investment disclosed by LG Innotek, the electric component unit of South Korea's LG Group, to strengthen the competitiveness of its optical solution business has received a positive response from market watchers. The company has produced high-end products such as 3-D camera sensors to meet the global demand for special sensors for smartphones and smart devices.

LG Innotek said in a regulatory filing on February 17 that it has earmarked 547.8 billion won ($495 million) for new investment to "secure and strengthen competitiveness" in its optical solution business. Park Hyung-woo, a Shinhan Investment researcher, said that the investment can be funneled into the expansion of products such as a sensor-shift camera module, a time of flight (ToF) module and a structured light 3D sensing module.

Sensor-shift image capture has become an increasingly available feature on new resolution-oriented cameras. ToF is the measurement of the time taken by an object, particle or wave to travel a distance through a medium. Structured light is the process of projecting a known pattern on to a scene. Structured light 3D scanners measure the three-dimensional shape of an object using projected light patterns and a camera system.

"We are looking forward to upgrading ultra-wide cameras and sales of 3D face recognition modules will continue to grow," Park said, predicting that the adoption of ToF would accelerate in 2022 due to the fast-growing use of virtual reality and augmented reality.

Park said that car electronic components would improve LG Innotek's performance in 2022. "Changes in the technology of electronic components and an increase in demand are a growth engine for next year's performance." In 2019, the company developed a 5G telecom module with Qualcomm chips that would be used as a key part for self-driving vehicles and connected cars.

In January 2021, the company unveiled a compact digital car key module featuring the increased accuracy of location recognition and security technology that can prevent hacking by blocking the manipulation of communication between smartphones or interference with radio waves. Digital keys allow consumers to easily and confidently use mobile devices to access vehicles. LG Innotek's digital key module can locate smartphones more accurately than before.

  • Lim Chang-won Reporter
  • email : cwlim34@ajunews.com
© Aju Business Daily & www.ajunews.com Copyright: All materials on this site may not be reproduced, distributed, transmitted, displayed, published or broadcast without the authorization from the Aju News Corporation.
  • twitter
  • facebook
  • weibo
  • link copy
  • LIST
  • TOP

Related news

  • .LG Innotek develops compact digital car key module for enhanced security and accuracy .
    LG Innotek develops compact digital car key module for enhan…
  • .LG Innotek sees 5G as new business opportunities.
    LG Innotek sees 5G as new business opportunities
  • .LG Innotek invests $406 mln in smartphone camera modules.
    LG Innotek invests $406 mln in smartphone camera modules
  • . LG Innotek develops industry-first 5G telecom module for autonomous driving with Qualcomm platform.
    LG Innotek develops 'industry-first' 5G telecom module for …

Real Time Photo News

  • .BTS agency posts record earnings in 2020 on brisk online activities and album sales .

    BTS agency posts record earnings in 2020 on brisk online activities and album sales

  • .[FOCUS] BTS agency leagues with Universal Music to launch new K-pop band in US music scene.

    [FOCUS] BTS agency leagues with Universal Music to launch new K-pop band in US music scene

  • .CJ ENM aims to become major visual content producer thru partnership with Epic Games .

    CJ ENM aims to become major visual content producer thru partnership with Epic Games

  • .​Solo singer Sunmi to come back with new album Tail.

    ​Solo singer Sunmi to come back with new album 'Tail'

  • .Big Hits live-streaming joint venture gains reinforcements from Universal Music, YG.

    Big Hit's live-streaming joint venture gains reinforcements from Universal Music, YG

Latest News

more+

  • Prime Minister Chung stresses importance of 'borderless communication channel' to minimize informati…
  • State hospital succeeds in inserting wireless pacemakers into hearts of bradyarrhythmia patients
  • LG Electronics' joint venture with Canada's Magna awaits approval by shareholders in March
  • Sajo Seafood to launch raw tuna menu delivery service
  • Researchers find new roundworm species near Dokdo
Aju Business Daily
  • ABOUT US
  • CONTACT US
  • PRIVACY STATEMENT
  • Copyright Policy

Address : Aju News Corporation LEEMA Building, 11th floor, 42, Jong-ro 1-gil, Jongno-gu, Seoul.    Mail : swatchsjp@ajunews.com

Copyright ⓒ 2016 By Ajunews Corporation, All Rights Reserved.

Mobile view