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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.

Industry

Musk says Tesla to open-source Model S and X; doubts raised on scope after Roadster precedent

Tesla CEO Elon Musk said the company would open-source the Model S and Model X, but questions are being raised over how much will actually be released, citing the earlier disclosure of the original Roadster. Only a small set of files and documents was published, with key design and firmware materials omitted. Licensing terms also drew criticism for lacking standard open-source permissions. Industry watchers are focused on whether a similar approach will be repeated for Model S and X.

Industry

SK $500 billion, Samsung $200 billion: global AI deals unveiled

Around a San Francisco AI summit, South Korea unveiled government-led cooperation plans between global AI companies such as Nvidia, OpenAI and Broadcom and Korean firms including Samsung Electronics, SK Group, Hyundai Motor Group and Naver. Nvidia and SK Group disclosed a partnership intent worth more than $500 billion, while Samsung and Broadcom signed an MOU worth more than $200 billion through 2030. Nvidia and Brookfield also plan a $10 billion investment in Naver.