Monday, June 26, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Parts of Windows 10 Source Code Leaked Online
Hackers Attacked U.K. Parliament
Google Promises to Stop Reading Your Emails in Gmail
BlackBerry's Software and Services Sales Fell in Q1
Handsets Expected to be Largest Market for ICs
G.SKILL Announces New DDR4 for the Intel X299 HEDT Platform
Toshiba Open to Further Talks With Western Digital About Chip Unit Sale
Foxconn Confirms US Investment Plan
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Consumer Electronics > LG To I...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, December 20, 2010
LG To Invest $18 Billion in 2011


LG Group said on Monday it will increase its 2011 investment by 12 percent to a record 21 trillion South Korean won ($18.25 billion), in an effort to revive the struggling handset business of its core unit LG Electronics.

LG's units making consumer electronics will spend 14.2 trillion won.

The group will invest in LG Display's 8th generation LCD production line, that will focus in the production of medium -sized LCD panels and also LCDs for for tablet PCs and smartphones.

LG will also spend on other sectors by adding three production lines to its solar cell business, boosting a production capacity to 330MW, while it will also invest on LED lighting product lines in 2012.

The group will spend 3.6 trillion won in the chemicals business, with LG Chem Ltd. planning to boost output of batteries for electric cars. LG UPlus Corp. will spend 3.2 trillion won on new mobile and wireless networks, it said.

Investments in R&D will reach the 4.7 trillion won, the LG Group said. In the electronics sector, LG aims at developing new technologies related to smartphones, Tablet PCs, smart TVs, 3D TVs, AM OLED displays, 3D LED panels and electronic papers.

R&D in the company's chemical sector will focus on the efficiency of next-generation battery technologies high-quality LCD glass substrates and LEDs.

The research spending on the communication ssectors will cover the needs for Wi-Fi and mobile networks, related to a variety of devices such as mobile phones or PCs that can take advantage of cloud services, based on a smart TV and mobile advertising platforms.

LG's announcement came after its rival, Samsung Electronics, said in September that it was considering investing a record 30 trillion next year to bolster existing operations and expand into new businesses, up from the 26 trillion planned for this year.


Previous
Next
New Standard Delivers Battery Friendly Control for Human Interface Devices        All News        How To Connect Your PC to an HDTV With HDMI
Pioneer Introduces White Pearl Models of the CDJ-350 and DJM-350     Consumer Electronics News      How To Connect Your PC to an HDTV With HDMI

Get RSS feed Easy Print E-Mail this Message

Related News
LG G6 Plus Model Gets 128GB Memory Boost
LG Launches New Curved UltraWide Gaming Monitor With NVIDIA G-Sync And 144Hz Capabilities
LG Establishes New Robotics and AI research Divisions
LG Pay Officially Debuts in South Korea
LG Electronics to Finally Launch LG Pay in June
LG Display to Showcase Latest Displays at SID 2017
LG X Venture Smartphone Will is Built for Adventure
LG X Power2 Smartphone Launches Globally
LG Electronics Gains Some Market Share In the US Smartphone Market
LG Said To Prepare Mini-version of Flagship G6 Smartphone
LG Electronics Sees 10 Percent Jump in Sales and Highest Operating Income Since 2009
LG Display Posts Record Earnings on OLED TV Sales

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .