LG Innotek has set a capex of $ 500 million iPhone camera module

LG Innotek has set a capex of $ 500 million iPhone camera module

[Photo provided by LG Innotek Co.]

LG Innotek Co., a component manufacturing subsidiary of the LG Group, will spend around $ 500 million to expand its production lines to deploy more camera modules to meet a further increase in demand from its major customer Apple Inc. .

According to industry sources on Thursday, the board-approved 547.8 billion won ($ 493.6 million) capex plan will add more production lines for optical solutions (camera modules) this year. The investment accounted for more than 70% of the company’s revenue (9.54 trillion won) last year.

LG Innotek, a leading supplier of iPhone camera modules, did not provide any details, but the industry said the new lines could be responsible for …

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