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Electronics

LG Innotek invests $500m to boost iPhone parts output

Camera module supplier to expand South Korea factory with eye on Apple orders

iPhones at the Apple Marina Bay Sands store in Singapore. As smartphones become increasingly ubiquitous, producers are looking to differentiate themselves with better cameras.   © Reuters

SEOUL -- LG Innotek, an affiliate of South Korea's LG Group, plans to invest 547.8 billion won ($496 million) to increase production of camera modules used in iPhones.

The company will expand its factory in South Korea, where it builds the modules using image sensors from Sony and Samsung Electronics. The finished products are shipped to smartphone assemblers like Taiwan's Hon Hai Precision Industry, also known as Foxconn, a main Apple supplier.

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