LG Innotek Co., Ltd. manufactures and sells electronic materials and components for the mobile, display, semiconductor, automotive, and Internet of Things (IoT) sectors in South Korea and internationally. Its offerings include optics solutions such as camera and 3D sensing modules and actuators; substrates and materials including package and tape substrates and display masks; automotive components for connectivity, autonomous driving, electrification, and lighting; and electronic components such as power and smart connectivity solutions. The company has a strategic partnership with TDK Corporation to develop physical AI solutions, including next-generation vision sensing modules and tactile sensing modules. Formerly known as LG Electro-Components Co., Ltd., it changed its name to LG Innotek Co., Ltd. in May 2000, was founded in 1970, and is headquartered in Seoul, South Korea.
LG Innotek Marks 10th Anniversary of Vietnam Subsidiary, Its Largest Global Production Hub
LG Innotek's production subsidiary in Hai Phong, Vietnam, has marked its 10th anniversary, having grown into the company's largest global manufacturing base. The subsidiary was established in September 2016, began mass production in 2017, and recorded approximately USD 4.1 billion in revenue in 2025, with cumulative investment of approximately USD 1.9 billion and cumulative revenue of approximately USD 25 billion over the decade. It now spans a total floor area of 242,600 square meters with 6,500 employees, 99 percent of them local, and local leaders hold 87 percent of key positions. LG Innotek is expanding the site beyond optical solutions into semiconductor substrates, having selected Hai Phong last June as a hub for that production and begun construction of a new factory with initial investment of approximately USD 1 billion, scheduled for completion in May 2027, targeting a package solutions business generating USD 740 million in operating profit by 2031. CEO Moon Hyuksoo said the company will strengthen its High Performance Portfolio with the Vietnam production subsidiary at the center and accelerate its transformation into a global solutions company.
011070.KO · Capital · Positive Vietnam subsidiary hit ~$4.1B revenue in 2025 and is expanding with a ~$1B semiconductor substrate factory targeting $740M operating profit by 2031.
Amazon Triples Nvidia AI Chip Orders, Expands Robotaxi Supply Chain
Amazon.com has tripled its orders of Nvidia GPU chips to support rising demand for AI workloads on Amazon Web Services and internal projects, deepening its partnership with Nvidia. Separately, LG Innotek has been selected to supply advanced camera modules for Zoox, Amazon's autonomous robotaxi subsidiary, highlighting Amazon's push into self-driving mobility. The expanded Nvidia deal reflects Amazon's continued use of third-party GPUs alongside its own proprietary chip efforts for AI infrastructure. This shift toward heavier AI infrastructure spending and autonomous systems is drawing more investor attention to companies tied to the broader buildout of data centers, chips, and related hardware. Amazon, a US-based multiline retail group with a market cap of about $2.8 trillion, now leans on its large AWS cloud platform and logistics network as key foundations for AI and autonomous vehicle projects like Zoox.
Robotics & Physical AI › Autonomous Vehicles & Robotaxi ▲Supply
Artificial Intelligence › AI Data Center & Build-out ▲Demand
Semiconductors › Memory — DRAM, NAND & HBM Demand
011070.KO · Demand · Positive LG Innotek selected to supply camera modules for Amazon's Zoox robotaxi, securing a major supply deal.
AMZN · Demand · Positive Amazon triples Nvidia AI chip orders to support AWS and internal AI workloads, indicating strong demand for its cloud services.
NVDA · Demand · Positive Amazon triples orders of Nvidia GPUs, boosting Nvidia's sales and deepening partnership.
Vietnam and the Philippines move up to upper-middle-income status on the back of the chip industry
The World Bank reclassified Vietnam and the Philippines from lower-middle-income to upper-middle-income countries on July 1, amid the growth of the semiconductor industry in Southeast Asia. Upper-middle-income countries are defined as those with gross national income per capita between 4,636 and 14,375 dollars in 2025. The Philippines said the upgrade resulted from structural reforms, economic opening, and investment in human capital, while Vietnam benefited from expanding semiconductor and electronics exports driven by global artificial intelligence investment. LG Innotek announced plans to build a semiconductor substrate materials plant in Vietnam with investment of about 1 billion dollars, and the Vietnamese government aims to develop 50,000 semiconductor personnel by 2030. The Philippines joined the US-led Pax Silica initiative to build an AI chip supply chain, with semiconductor and other electronics exports accounting for more than 50 percent of the country's total export value.
Semiconductors › Advanced Packaging & Test (OSAT) ▲Demand
011070.KO · Demand · Positive LG Innotek announced a $1 billion semiconductor substrate materials plant in Vietnam, benefiting from the country's expanding semiconductor exports driven by global AI investment.
Asian markets slide as chip stocks plunge and oil surges nearly 4%
Most Asia-Pacific markets fell today, with semiconductor stocks swinging wildly and tumbling sharply after US markets closed lower overnight amid concerns over stock valuations, fierce competition, and AI spending. South Korea's SK Hynix dropped more than 10%, even as quarterly profit surged 557% but missed analyst expectations, while Samsung Electronics fell over 4%, and LG Innotek and Seoul Semiconductor sank 9% and more than 6% respectively. Japanese chip names also declined, with Kioxia plunging 10%, Tokyo Electron down 8.5%, and SoftBank Group losing over 7%. China's ChiNext 300 index shed 1.83% and the Hang Seng China Semiconductor Chips Index slumped more than 5%, while Taiwan's TSMC eased 1.32%. Crude oil prices jumped nearly 4% after Middle East attacks shattered a brief calm amid US-Iran tensions, with WTI rising 3.09 dollars to 82.35 dollars a barrel and Brent adding 3.3 dollars to 87.39 dollars a barrel.
011070.KO · Demand · Negative Chip stocks plunge amid concerns over AI spending and competition, with LG Innotek down 9%.
046890.KQ · Demand · Negative Seoul Semiconductor sinks over 6% as chip stocks tumble on competition and AI spending worries.
2330.TW · Demand · Negative TSMC eases 1.32% as semiconductor sector slides on valuation and AI spending concerns.
000660.KO · Capital · Negative SK Hynix dropped over 10% after quarterly profit surged 557% but missed analyst expectations, adding to sector-wide valuation and competition fears.
005930.KO · Capital · Negative Samsung Electronics fell over 4% amid broad chip stock decline on valuation and competition concerns.
285A.JP · Capital · Negative Kioxia plunged 10% in the broad chip rout driven by valuation concerns and AI spending uncertainty.
Asian tech stocks extend losses, chip sector leads decline as SK Hynix plunges over 10% despite record profit
Asian technology stocks faced continued selling pressure in Wednesday trading, with semiconductor shares leading the market lower. Investors remain concerned about elevated valuations, intensifying competition in artificial intelligence, and the drag from a weaker US stock market overnight. In South Korea, SK Hynix, the world's major memory chip maker, tumbled more than 10% even after reporting record quarterly profit and revenue. The figures fell short of analyst expectations, triggering heavy selling. The pressure spread to other domestic tech names, with Samsung Electronics down over 4%, LG Innotek plunging more than 9%, and Seoul Semiconductor losing over 6%. In Japan, Kioxia dropped as much as 10%, Tokyo Electron fell 8.5%, and SoftBank Group declined more than 7%. In Taiwan, TSMC slipped 1.32%. In China, the ChiNext 300 Index lost 1.83% and the Hang Seng China Semiconductor Chips Index sank more than 5%, underscoring the broad regional sell-off. Bucking the trend, Chinese internet stocks listed in Hong Kong moved higher, with Tencent up 3.6% and Meituan gaining 2.7%, while Alibaba, Baidu, and Kuaishou also traded in positive territory.
LG Innotek Targets USD 647 Million in Package Solution Operating Profit by 2031
LG Innotek aims to grow its package solution business to generate USD 647 million in operating profit by 2031, senior vice president Jeffrey Cho announced at a Media Tech Day event in Seoul. The package solution business, which includes high-value-added semiconductor substrates such as RF-SiP, FC-CSP, and FC-BGA, recorded sales of approximately USD 1.11 billion in 2025, up about 18% from 2024, while operating profit surged roughly 82% to approximately USD 83 million. The unit contributed nearly 20% of LG Innotek's total operating profit last year despite accounting for only about 10% of total sales. The company holds an estimated 65% share of the global RF-SiP substrate market and expects that to expand to around 80% this year, while also securing orders for FC-CSP substrates for GDDR7 memory and ramping up FC-BGA production for PC chipsets and CPUs at its new Dream Factory in Gumi.
Semiconductors › Advanced Packaging & Test (OSAT) ▲Supply
011070.KO · Demand · Positive LG Innotek targets $647M operating profit by 2031, with strong growth in package solution sales and orders for GDDR7 and PC chipsets.
Vietnam
South Korea
