LG Innotek announced on Jan. 18 that it has signed a main contract with AOE Optoelectronics, a Taiwanese lens manufacturing company, for equity investment and business cooperation. This agreement involves LG Innotek investing in AOE. Both companies will closely collaborate in the field of core optical components through this strategic partnership.
With this investment, LG Innotek plans to extend its capabilities and technological prowess in the optical solution business, built upon its world-leading mobile camera modules, into new areas such as vehicles and XR. Additionally, the stable supply of lenses, a key component of camera modules, will further sophisticate its supply chain management (SCM).
AOE, a Taiwanese lens specialist, is recognized for its core technologies and mass production capabilities, spanning from materials to modules. The company has recently increased its supply to North American automobile manufacturers. AOE is particularly strong in lenses for vehicle modules. With the growing demand in the autonomous vehicle industry for high-resolution camera components like “aspherical glass lenses,” interest in AOE, which specializes in this area, is also rising.
Source: Business Korea