LG Innotek, a leading camera module supplier for Apple iPhones, will invest $1.07 billion to expand the production capacity of camera modules and other electronic parts.
The South Korean electronics parts maker signed a memorandum of understanding with the city of Gumi, North Gyeongsang Province, to make the investment to add production lines in its Gumi manufacturing campus by the end of next year.
The company will use the investment 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).
LG Innotek will expand the company’s Gumi manufacturing facility to 370,000 square meters in size, reports Yonhap news agency.
Apple is likely to use its camera module supplier LG Innotek and parts maker Jahwa Electronics for the procurement of folded zoom camera modules.
South Korean camera module parts maker Jahwa Electronics will spend 191 billion won on a new optical image stabilization (OIS) actuator production facility.
