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 package deal substrate section serving as a key development driver.
“LG Innotek is not a components firm,” Moon stated throughout an interview with reporters on the sidelines of CES 2026.
“This 12 months, we are going to reorganize our enterprise construction towards a high-value, high-profit ‘excessive efficiency 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, all the things we do falls into sensing, substrates, and management,” Moon stated. Management applied sciences embrace techniques that handle electrical energy circulation in electrical automobiles, in addition to motor and steering items.
Somewhat than simply supplying components, LG Innotek now combines {hardware} with software program and middleware to supply ready-to-use options for its prospects. “We offer merchandise in a kind that prospects can instantly use,” Moon stated.
Final December, the corporate reorganized its divisions to mirror this shift, renaming enterprise items as Optics Resolution, Package deal Resolution and Mobility Resolution. Moon stated the normal mannequin of supplying particular person elements primarily based on buyer specs “is dropping competitiveness.”
At CES 2026, LG Innotek showcased system-level options quite 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 scale back heavy wiring harnesses through the use of 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 package deal answer enterprise as the corporate’s most worthwhile section and stated it will likely be a spotlight this 12 months.
“We’ll enhance funding and capability,” he stated, noting that utilization charges are approaching full ranges. In response to the corporate, package deal 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 techniques, with associated income already reaching the a whole bunch of billions of gained.
“Robots are one other space the place our current 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 techniques for robots, and can also be accelerating commercialization of robotic elements via collaborations with different world robotics leaders.
