LG Innotek Co., Ltd., an affiliate of LG Group, is an electronic component manufacturer headquartered in Seoul, South Korea. LG Innotek produces core components of mobile devices, automotive displays, semiconductors, and smart products.[1][2] Most of the company's revenue is generated from selling camera modules for the iPhone.[3]
History
LG Innotek was set up as Goldstar Precision in 1970. LG Innotek spun off its defense business, NEXFuture1, and sold it to LIG Group in 2004.[4] LG Innotek merged LG Micron, another LG Group component-producing arm, in July 2009.[5]
In November 2012, LG Innotek agreed with Osram to "settle all LED patent suits", agreeing to cross-license.[6]
In October 2024, LG Innotek, said it has developed a high-performing magnet that requires zero heavy rare-earth metals in collaboration with the Korea Institute of Materials Science.[7]
In July 2025, LG Innotek took an equity stake in Aeva.[8]
See also
- iPhone hardware
External links
References
- Kyung-min Lee. LG Innotek releases film-type chip substrate for metaverse devices The Korea Times, February 15, 2023^
- (LEAD) LG Innotek 2022 net up 10.3 pct on demand for auto components Yonhap, January 25, 2023^
- Kotaro Hosokawa. LG Innotek reliance on Apple's custom renders it vulnerable Nikkei Asia, September 25, 2022^
- Danny Leung. LIG Nex1 triggers IPO as Korea tensions ease FinanceAsia, August 30, 2015^
- LG Innotek Targeting $3.5 Billion in Revenue The Korea Times, January 24, 2010^
- S.Korea's LG settles LED patent dispute with Siemens' Osram unit Reuters, 2 November 2012, retrieved 7 April 2026^
- LG Innotek develops high-performance magnet without heavy rare-earth metals Korea JoongAng, 2024^
- Stephen Nellis. LG Innotek to take stake in lidar maker Aeva as part of $50 million deal Reuters, 29 July 2025, retrieved 7 April 2026^