LG Innotek ventures into automotive AP module market

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The story "LG Innotek ventures into automotive AP module market" was covered 1 days ago by Korea Economic Daily, a news publisher based in South Korea.

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LG Innotek ventures into automotive AP module market - Korea Economic Daily

Quick Summary:

HIGH-VALUE ADDED BUSINESS The company foresees high-value addition by applying its expertise in high-density and precision technologies earned from its core substrate and communication module businesses to automotive AP module development, said an unnamed company official.“With a plan to mass-produce them in the second half of this year, we have been meeting global semiconductor companies in North America to market our products,” said the official.

The company, also a major camera module contractor for Apple Inc., announced on Wednesday that it has developed automotive AP modules and plans to start mass-producing them in the second half of this year.

LG Innotek Co., a major South Korean electronics parts developer, has forayed into the automotive application processor (AP) module market, which is set to grow at 22% annually in the next five years.