LG Innotek Plans to Invest $500 Million to Increase iPhone Camera Output

iPhone 12 Pro Max

As Nikkei reported today, LG Innotek, a subsidiary of South Korea’s LG Group, is planning to invest 547.8 billion won, or about $0.5 billion, to increase the output of iPhone camera modules. It will use the funds to expand the scale of the factory and use CMOS image sensors from Sony and Samsung to manufacture camera modules. The final product will be shipped to the Foxconn factory in Taiwan, China, to assemble the iPhone.

Financial reports show that LG Innotek’s revenue in 2020 will increase by 20%. Thus, it will reach 954 billion won, or about $0.86 billion. 60% of revenue comes from the manufacturing of iPhone parts. LG Innotek has branch factories in Huizhou, Yantai and Fuzhou in China.

This company is good at the research and development of image stabilization technology for smartphone cameras. The company is currently preparing new orders from Apple and other companies. The media speculate that the company has signed a long-term iPhone supply agreement with Apple.

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Due To LG Innotek’s Tech, iPhone 12 Pro Max Shoots Outstanding Photos

The Apple iPhone 12 series models came in 2020. All main cameras support image stabilization function. The iPhone 12 Pro Max introduces sensor displacement optical image stabilization technology to smartphones for the first time, relying on sensor displacement for image stabilization. This method can achieve up to 1000 adjustments per second, and can hold 1 second long exposure.

It’s even ideal for video shooting. DxOMark said, ‘The Apple iPhone 12 Pro Max achieved a Video score of 113, tying for second place in our database as of this writing. Its Video sub-scores are as follows: Exposure (99), Color (99), Autofocus (103), Texture (84), Noise (102), Artifacts (78), and Stabilization (101).’

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As you can see, there are many relatively small companies that provide various technologies to the big players. And they continue inventing new technologies. LG Innotek is the best example.

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