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Industry

LG Innotek Q2 operating profit jumps 2,057 percent

LG Innotek said on July 27 it posted second-quarter revenue of 55.27 trillion won and operating profit of 245.8 billion won. Revenue rose 40.5 percent and operating profit climbed 2,057 percent from a year earlier. Revenue was a record for a second quarter, and first-half revenue topped 100 trillion won for the first time. The company cited steady demand for mobile camera modules and strong supply of high value-added semiconductor substrates.

AI & Enterprise

Hitachi Vantara\'s U.S. Norman manufacturing site named WEF Lighthouse factory

HS Hyosung Information Systems said Hitachi Vantara\'s storage manufacturing facility in Norman, Oklahoma, has been selected as a World Economic Forum Lighthouse factory. Lighthouse factories are manufacturing sites that deliver innovative results in productivity, supply chain resilience and sustainability using technologies such as AI and robotics. HS Hyosung said the site runs an end-to-end digital manufacturing and supply chain hub and cut lead time by 77 percent and inventory by 50 percent by applying agentic AI.