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LG Innotek announced Thursday that it will expand the integration of digital twin technology throughout its operations in partnership with Ansys, a US engineering simulation software developer. Digital twin technology recreates physical objects in a virtual space to simulate real-world scenarios u...
LG Group’s artificial intelligence think tank, LG AI Research, on Wednesday unveiled the third generation of its hyperscale AI multimodal Exaone, providing better performance and cost-efficiency than its predecessors in processing massive amounts of data. To contribute to the development of the A...
LG Electronics said Thursday it has set its goal to achieve over 1 trillion won ($724 million) in sales in smart factory solutions business by 2030, by integrating artificial intelligence and digital transformation technologies and manufacturing and production data. “Despite it being the inaugura...
LG Electronics said Monday it has opened a new research lab in Frankfurt, Germany dedicated to developing its heating, ventilation and air conditioning (HVAC) technologies, with a focus on providing practical air solutions for the European market. The Frankfurt facility, covering around 1,000 squa...
LG Electronics Chief Executive Officer Cho Joo-wan met with Qualcomm CEO Cristiano Amon on Wednesday to discuss their ongoing collaboration on advanced technology, including on-device artificial intelligence and automotive electronics, according to industry sources. On the second day of his trip t...
LG Chem has pledged to increase humanitarian support for villagers affected by the 2020 gas leak accident at its Indian subsidiary LG Polymers. According to the company on Wednesday, its top executives, including Vice Chairman and CEO Shin Hak-cheol and Chief Financial Officer Cha Dong-seok, visit...
LG Electronics said Friday it expected its second-quarter earnings to climb more than 60 percent from a year earlier on robust sales of its main home appliance products and balanced qualitative growth of its business-to-business sector. LG estimated that its operating profit for the April-June per...
LG Innotek on Monday set an ambitious goal of achieving 2 trillion won ($1.44 billion) in automotive sensor sales by 2030. The company said it will speed up efforts to adopt its cutting-edge optical technology to diverse future mobility and automotive sensing solutions. Its strategic focus will b...
LG Electronics said Wednesday it has teamed up with ChargePoint, a leading provider of networked charging solutions for electric vehicles, to leverage their respective strengths for future innovations in EV charging. The two sides recently signed a memorandum of understanding for commercial EV cha...
LG Electronics introduced AlphaWare, its suite of software solutions for software-defined vehicles, at AutoTech: Detroit 2024, revamping its commitment to expanding business in the automotive market. According to the tech giant on Thursday, it joined the global automotive tech show for the first t...
LG CNS said Wednesday that it debuted its new enterprise resource planning solution at the SAP Sapphire 2024 trade show, which kicked off in Orlando, Florida, Monday. PerfecTwin ERP Edition is an automated testing solution based on actual transaction data. It is specifically tailored for SAP’s en...
LG AI Research, LG Group’s artificial intelligence think tank, said Wednesday that it has inked a strategic partnership with UNESCO to develop an education course on AI ethics. The partnership, signed on the sidelines of this week’s AI Seoul Summit, LG and UNCESO agreed to convene an advisory gr...
The partnership between LG Electronics and Meta for developing an extended reality device has fallen through, as their joint work turned out to be “less-than-anticipated,” according to industry sources Monday. LG Electronics is still expected to launch its XR device next year as planned, and wil...
LG Electronics joined hands Hanllym University Sacred Heart Hospital as part of its effort to strengthen medical robot services with its “affectionate intelligence” robot, Cloi, the company said on Wednesday. In an agreement, LG and the hospital agreed to collaborate to discover various scenario...
LG Innotek on Monday renewed its commitment to nurturing the automotive lighting business as its key growth driver. This year marks the 10th anniversary of the commercialization of Nexlide, the parts maker’s flexible three-dimensional lighting brand for vehicles. The module-based lighting product...
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