LG Innotek, an iPhone camera supplier, will spend $ 1 billion to increase production

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The envisioned investment will be mainly used to increase production of camera modules for smartphones and build a new manufacturing line to produce high-end semiconductor packaging solutions, called Flip Chip Ball Grid Array (FC-BGA), the company said  With the investment, the company’s Gumi manufacturing facility will be expanded to 370, 000 square meters in size, tantamount to 52 soccer fields combined, reports Yonhap news agency.

The production capacity of camera modules and other electrical parts will be increased thanks to a $1.07 billion investment, according to LG Innotek, a supplier of camera modules for Apple iPhones. The North Gyeongsang Province city of Gumi and the South Korean electronics parts manufacturer inked a memorandum of agreement to make the investment to add production lines in the Gumi manufacturing campus by the end of the following year.

Highlights

  • Apple had visited the South Korean company’s facilities last year for a review, reports The Elec. Folded zoom uses prisms to fold the light entering the image sensor like periscopes. Apple will soon decide whether it will apply folded zoom for its new iPhones. Have something to say? Post your comment

  • Apple is likely to use its long-time camera module supplier LG Innotek and parts maker Jahwa Electronics for the procurement of folded zoom camera modules, reports claimed. South Korean camera module parts maker Jahwa Electronics will spend 191 billion won on a new optical image stabilization (OIS) actuator production facility.

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