iPhone camera supplier LG Innotek to invest $1 billion to boost production

The South Korean electronics parts maker signed a memorandum of understanding with the city of Gumi, in northern Gyeongsang province, to invest in adding production lines to its Gumi manufacturing complex by the end of next year.

The company said the projected investment will primarily be used to scale up production of camera modules for smartphones and build a new manufacturing line to produce a high-end semiconductor packaging solution called Flip Chip Ball Grid Array (FC-BGA). .

With the investment, the size of the company’s Gumi manufacturing facility will be expanded to 370,000 square meters, which is equivalent to 52 football fields combined, Yonhap News Agency reports.

Reports have claimed that Apple may use its longtime camera module supplier LG Innotek and parts maker Jahwa Electronics to procure the foldable zoom camera module.

South Korean camera module parts maker Jahwa Electronics will spend Won 191 billion on a new optical image stabilization (OIS) actuator production facility.

As The Alec reports, Apple visited the South Korean company last year to review its features.

Fold zoom, like a periscope, uses a prism to bend the light entering the image sensor.

Apple will soon decide whether it will implement Folded Zoom for its new iPhones.

Disclaimer: This story is auto-aggregated by a computer program and is not created or edited by FreshersLIVE.Publisher : IANS-media

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