The LG Innotek Co. Ltd. logo sits on display at the company's booth at the Light and Building Architecture and Technology Fair, in Frankfurt, Germany, on March 31, 2014. (Photo: Getty Images)
Seoul-based LG Innotek Co. Ltd. has said it is considering building a plant in Vietnam to manufacture camera modules, without disclosing further details, Reuters report.
Building a camera module plant is part of the South Korean firm’s plan to respond to demands from smartphone camera module clients like LG Electronics Inc and Apple Inc., the Korea Economic Daily cited unnamed sources as saying.
LG Innotek said in a regulatory filing that no specifics for a Vietnam plant have been determined.
LG Innotek Co., Ltd. is engaged in manufacturing and distribution of electronics material and components. The company operates in six business fields which are mobile, automotive, LED, display, semiconductor and Internet of Things (IoT).
Co Ltd in early May started construction of a display module assembly plant with an investment of $1.5 billion in Trang Due Industrial Park. The facility is set to come into operation in the second half of 2017 and will churn out organic light-emitting diode (OLED) displays.