LG Chem to Invest $9.7 Billion in Semiconductor, Robotics Materials
The company said about 70% of the investment will target semiconductors, mobility and robotics materials, and oncology drugs.
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5 Articles
LG Chem bets $9.7 bil. on semiconductors, mobility, robotics materials
LG Chem will be investing 15 trillion won ($9.74 billion) in research and development through 2035 as the company pivots toward artificial intelligence (AI)-driven growth areas, including semiconductors, mobility and robotics. During the company’s town hall meeting on Monday, CEO Kim Dong-choon outlined the strategy to sharpen its portfolio around four core future pillars: semiconductor, mobility and robotics materials and oncology drugs, aiming…
LG Chem has decided to invest 15 trillion won in research and development (R&D) by 2035 to secure new technologies in the semiconductor, mobility, and robotics sectors, which are expected to experience high growth during the transition to artificial intelligence (AI). This signifies the company's intention to foster high-value-added industries to compensate for the sluggish performance in the petrochemical and battery materials sectors, which ha…
S. Korea’s largest chemical company LG Chem is pivoting to AI, Robotics, others
South Korea’s largest chemical company LG Chem is looking to pivot from its petrochemical business toward AI-driven growth areas, citing slow profitability. In a town hall meeting Monday, LG Chem disclosed it’s allocating 15 trillion won ($9.74 billion) in research and development to expand its business portfolio. About 70% of the fund will target semiconductor, mobility, and robotics materials. The company also plans to acquire leading technolo…
CoinStats - South Korea's LG Chem bets $9.7 billion as it...
South Korea’s largest chemical company LG Chem is looking to pivot from its petrochemical business toward AI-driven growth areas, citing slow profitability. In a town hall meeting Monday, LG Chem disclosed it’s allocating 15 trillion won ($9.74 billion) in research and development to expand its business portfolio. About 70% of the fund will target semiconductor, mobility, and robotics materials. The company also plans to acquire leading technolo…
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