LG Innotek completes new Vietnam factory, more than doubling camera module production - South Korean media

LG Innotek, a parts manufacturer, announced that it has completed construction of a new factory, the V3 factory, in Hai Phong, Vietnam, and has begun operations. The company plans to begin expansion of the V3 factory in July 2023.
The company plans to invest approximately 1.3 trillion won (approximately 137.51439 billion yen) this year to strengthen its production capacity for optical solutions, including those for semiconductors.
The V3 factory has a total floor area of approximately 150,000 square meters. The new factory will increase the company's camera module production capacity.
The company will more than double its current production capacity. The company's strategy of dualizing production sites with Korea will see the Vietnam plant become a production base for general-purpose camera modules. The Gumi plant in Korea will be used for R&D and new product development.
The company will be responsible for producing high-value-added camera modules for models and optical components for new applications. In Korea, the Paju plant will also be responsible for producing camera modules and 3D sensors.
LG Innotek is focusing on the production of high-value-added products. In addition to the strategy of dual production sites, the company is also focusing on the in-house production of key components and AI (artificial intelligence) transformation (
As part of this effort, the company has introduced an AI-equipped "Material Intake Inspection System" at its factories, reducing the time required for analysis to determine the cause of defects by 90%.
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