It’s being reported this morning that LG Innotek announced today that it will invest 375.9 billion won (USD268 Million) to secure new facilities for camera modules (optical solutions division). The purpose of the investment is to "respond to new models in the optical solutions business and improve competitiveness." The investment end date is December 2025.

LG Innotek’s investment in new facilities this time seems to be aimed at responding to the camera modules of the Apple iPhone 17, which will be released next year. Apple will raise the camera module specifications of the iPhone 17 series, but will also apply the folded zoom to only the two upper (pro) lineups next year, just like the iPhone 16 series this year. The overall camera module specifications will not change much.

LG Innotek currently holds the top spot in the Apple iPhone camera module market share, so there is no immediate need to significantly increase production capacity. Therefore, the purpose of this investment appears to be to replace equipment and facilities in accordance with the high-spec iPhone 17 series camera modules.

LG Innotek is the leader in the Apple camera module market. Its competitors include Foxconn and Cowell. From Apple's perspective, if the supply chain is diversified, the unit price of parts can be lowered.  Source: The Elec

Other Recent LG Innotek News

One: A Supply Chain report claims that LG Innotek will enter Mass Production of the camera for the iPhone SE4 in December

Two: Apple Supplier LG Innotek announced a breakthrough high-performance eco-friendly magnet that doesn’t use rare earth elements