LG Innotek

{{Infobox company

| name = LG Innotek Co. Ltd.

| logo = LG Innotek logo (english).svg

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| native_name = 엘지이노텍 주식회사

| native_name_lang = ko

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| type = Public

| traded_as = {{kse|011070}}

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| founded = {{Start date and age|1970

|02}}

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| hq_location_city = Seoul

| hq_location_country = South Korea

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| products = Camera module, ball grid array

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| owner = LG Electronics (40.8%)

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| website = {{URL|www.lginnotek.com}}

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File:H-L Data Storage GT90N - LG Innotek motor for rotating the disc-0159.jpg

LG Innotek Co., Ltd. ({{Korean |hangul=엘지이노텍 주식회사}}), 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.{{cite news |last=Lee |first=Kyung-min |date=February 15, 2023 |title=LG Innotek releases film-type chip substrate for metaverse devices |url=https://www.koreatimes.co.kr/www/tech/2023/02/419_345490.html |work=The Korea Times |location= |access-date=}}{{cite news |author= |date=January 25, 2023 |title=(LEAD) LG Innotek 2022 net up 10.3 pct on demand for auto components |url=https://en.yna.co.kr/view/AEN20230125007251320 |work=Yonhap |location=Seoul |access-date=}} Most of the company's revenue is generated from selling camera modules for the iPhone.{{cite news |last=Hosokawa |first=Kotaro |date=September 25, 2022 |title=LG Innotek reliance on Apple's custom renders it vulnerable |url=https://asia.nikkei.com/Business/Electronics/LG-Innotek-reliance-on-Apple-s-custom-renders-it-vulnerable |work=Nikkei Asia |location= |access-date=}}

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.{{cite news |last=Leung |first=Danny |date=August 30, 2015 |title=LIG Nex1 triggers IPO as Korea tensions ease |url=https://www.financeasia.com/article/lig-nex1-triggers-ipo-as-korea-tensions-ease/401388 |work=FinanceAsia |location= |access-date=}} LG Innotek merged LG Micron, another LG Group component-producing arm, in July 2009.{{cite news |author= |date=January 24, 2010 |title=LG Innotek Targeting $3.5 Billion in Revenue |url=https://www.koreatimes.co.kr/www/tech/2021/11/419_59561.html |work=The Korea Times |location= |access-date=}}

In Oct 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.{{cite web |url=https://koreajoongangdaily.joins.com/news/2024-10-30/business/industry/LG-Innotek-develops-highperformance-magnet-without-heavy-rareearth-metals/2166896 |title=LG Innotek develops high-performance magnet without heavy rare-earth metals |date=2024|website=Korea JoongAng }}