LG Innotek hopes AI boom can power W1tr chip substrate profit by 2031

LG Innotek, the South Korean components-maker best known for camera modules used in premium smartphones, wants its semiconductor substrate business to generate more operating profit by 2031 than the company as a whole earned last year. The unit, called package solutions, aims to raise its operating profit to 1 trillion won ($662 million) by 2031, from 128.9 billion won last year, with revenue rising past 3 trillion won by 2030, nearly double the 1.72 trillion won it booked in 2025. The profit ta