LG Innotek CEO Moon Hyuk-soo speaks throughout an interview with reporters in Las Vegas, Wednesday. Courtesy of LG Innotek
LAS VEGAS — LG Innotek CEO Moon Hyuk-soo stated Wednesday (native time) that the corporate is accelerating its shift from a standard elements provider mannequin to a solutions-oriented enterprise centered on profitability, with the bundle substrate phase serving as a key development driver.
“LG Innotek is not a elements firm,” Moon stated throughout an interview with reporters on the sidelines of the CES 2026 tech truthful.
“This 12 months, we are going to reorganize our enterprise construction towards a high-value, high-profit, high-performance portfolio.”
Moon defined that the corporate’s enterprise now focuses on three predominant areas: sensing, substrates and management. These applied sciences, initially developed for shopper electronics, at the moment are being utilized to vehicles, robots, drones and satellites.
“In broad phrases, the whole lot we do falls into sensing, substrates and management,” Moon stated. Management applied sciences embody methods that handle electrical energy move in electrical automobiles, in addition to motor and steering models.
Quite than simply supplying elements, LG Innotek now combines {hardware} with software program and middleware to offer ready-to-use options for its clients. “We offer merchandise in a type that clients can instantly use,” Moon stated.
Final December, the corporate reorganized its divisions to replicate this shift, renaming enterprise models to Optics Resolution, Bundle Resolution and Mobility Resolution. Moon stated the standard mannequin of supplying particular person elements primarily based on buyer specs “is shedding competitiveness.”
At CES 2026, LG Innotek showcased system-level options slightly than standalone merchandise. For autonomous automobiles, the corporate can provide as much as 16 merchandise directly and present how they work collectively. For electrical automobiles, LG Innotek demonstrated management applied sciences that may cut back heavy wiring harnesses by utilizing wi-fi options.
“Decreasing harnesses makes automobiles lighter and frees up house,” Moon stated. “That may enhance effectivity and permit for bigger batteries.”
Moon highlighted the bundle resolution enterprise as the corporate’s most worthwhile phase and stated it is going to be a spotlight this 12 months.
“We are going to improve funding and capability,” he stated, noting that utilization charges are approaching full ranges. In response to the corporate, bundle options already account for greater than 20 % of LG Innotek’s working revenue, and profitability continues to enhance.
Robotics is one other rising development space, as evidenced by this 12 months’s CES. LG Innotek is supplying key elements — together with sensing modules, management options and substrates — for service robots and industrial automation methods, with associated income already reaching a whole bunch of billions of received.
“Robots are one other space the place our present applied sciences might be successfully utilized,” Moon stated.
Since final 12 months, LG Innotek has been working with Boston Dynamics in the USA to develop imaginative and prescient sensing methods for robots, and can be accelerating commercialization of robotic elements via collaborations with different world robotics leaders.
