LG Electronics (LG)

Canvas Category: OEM : Computer and Electronic


Primary Location: Yeouido-dong, Seoul, South Korea

Financial Status: KRX: 066570

LGโ€™s philosophy revolves around people, sincerity, and sticking to the fundamentals. It is to understand our customers and to offer optimum solutions and new experiences through ceaseless innovation, thus helping our customers lead better lives. We are reaching out to discerning consumers with keen sensibilities - people who continue to explore new activities and take on new challenges to experience more and achieve a better life. We have developed our brand image gradually and consistently, always to communicate, โ€œLifeโ€™s Good.โ€ We are contemporary yet authentic, always evolving our fundamental philosophies to the modern arena.

Assembly Line

LG's robot to be used in facility diagnosis of POSCO's steel mill

๐Ÿ“… Date:

โœ๏ธ Author: Baek Byung-yeul

๐Ÿ”– Topics: Partnership, Autonomous Mobile Robot

๐Ÿข Organizations: LG, POSCO

LG Electronicsโ€™ AI-based self-driving robots can be widely used for facility diagnosis at hazardous worksites in the future, the company said Wednesday, after completing a two-day demonstration of unmanned facility management using its robot at POSCOโ€™s Gwangyang steel plant. LG said the robot completed its facility management mission in the electrical room of the steel plant in Gwangyang, South Jeolla Province, on Monday and Tuesday.

This demonstration project was carried out as part of a business agreement between LG Electronics and POSCO Holdings. In May, the two companies signed a business agreement for the development of technologies in the fields of robots, AI and 5G networks, and conducted the first stage of a demonstration in July to control the driving of a semi-autonomous robot.

โ€œWe equipped the robot with cameras and light detection and ranging (LiDAR) sensors. The robot uses the information acquired from the sensors to recognize its surroundings more accurately,โ€ LG said. โ€œIt has a high recognition rate even in low-light environments such as basements or places where safety fences are installed around equipment. If it detects abnormal temperatures in various equipment in the electrical room using the temperature information obtained from its thermal imaging camera, it will take a picture and send an alert to the control room.โ€

Read more at Korea Times

POSCO, LG Electronics to jointly build smart factory

๐Ÿ“… Date:

โœ๏ธ Author: Jae-Fu Kim

๐Ÿ”– Topics: Partnership

๐Ÿข Organizations: POSCO, LG

POSCO Holdings Inc. and LG Electronics Inc. announced on Wednesday that they will collaborate to upgrade POSCOโ€™s smart factory technology. The initiative will involve the integration of robotics, artificial intelligence (AI) and wireless communication technologies.

Under the agreement, both companies will jointly develop technology to conduct safety inspections and manage facilities in steel mills. This initiative will employ autonomous robots integrated with AI, enabling operations in areas that are challenging for human accessibility.

Read more at Korea Economic Daily

DeepHow Raises $14M Series A Funding to Transform How Enterprises Capture and Transfer Technical Know-How

๐Ÿ“… Date:

๐Ÿ”– Topics: Funding Event

๐Ÿข Organizations: DeepHow, Owl Ventures, LG

DeepHow, the AI company that turns technical know-how into smart, how-to training videos, has closed $14M in Series A funding. Owl Ventures, a specialist in education technology investing, led the round, with participation from another new investor LG Technology Ventures. Existing investors Sierra Ventures, Qualcomm Ventures, Osage Venture Partners, and Foothill Ventures also participated in this round.

DeepHow plans to invest in go-to-market initiatives to accelerate its business growth, and to ramp up its investments in product, engineering, and generative AI innovation. In response to customer demand, DeepHow has already fast-tracked development of powerful product enhancements that leverage the power of generative AI to accelerate SOP video creation, multimodal workflow generation, AI chat assistance, and strategic knowledge mapping.

Read more at PRNewswire

Venti Technologies Announces $28.8 Million Series A Funding to Automate Global Logistics and Industrial Hubs

๐Ÿ“… Date:

๐Ÿ”– Topics: Funding Event

๐Ÿข Organizations: Venti Technologies, LG

Venti Technologies, a world leader in autonomous logistics for global supply chain and industrial hubs, today announced that it has secured $28.8 million in a Series A financing. The financing round was led by LG Technology Ventures, the Silicon Valley-based venture capital arm of the LG Group, with participation from Safar Partners, UOB Venture Management, and existing investors Alpha JWC and LDV Partners. The funding will be used to accelerate Ventiโ€™s growth and meet increasing demand from customers worldwide.

Read more at BusinessWire

LG, Altair build AI-powered validation platform for automotive parts

๐Ÿ“… Date:

๐Ÿ”– Topics: Partnership

๐Ÿญ Vertical: Automotive

๐Ÿข Organizations: LG, Altair

LG Electronics Inc., an industry frontrunner in applying artificial intelligence to home appliances, said on Wednesday it has joined forces with Altair Engineering Inc., a US tech firm, in developing an AI-powered validation platform for automotive parts.

Integrating AI technology into the vehicle component development process will provide LGโ€™s clients with more reliable and high-quality solutions for products, including infotainment systems, LG said. The South Korean electronics company said the new platform leverages a machine learning algorithm to accurately predict and measure product performance from an early stage of the design validation process.

Read more at Korea Economic Daily

LG Energy to invest $451 mn in mass production of Teslaโ€™s 4680 battery cells

๐Ÿ“… Date:

โœ๏ธ Authors: Hyung-Kyu Kim, Han-Shin Park

๐Ÿข Organizations: LG, Tesla

LG Energy Solution Ltd. announced Monday it will invest 580 billion won ($451 million) to manufacture battery cells for Austin-based Tesla, Inc. The battery-making arm of LG Corp. plans to add 9 gigawatt-hours (GWh) worth of production capacity for the new 4680 cylindrical batteries at its No. 2 Ochang factory. The battery maker also announced it would invest 150 billion won in the No. 1 Ochang factory to add 4 GWh worth of production capacity to manufacture the existing 2170 cylindrical battery cells. The 4680, expected to be mass produced next year, is composed of nickel, cobalt, manganese and aluminum (NCMA). The new battery has an increased nickel composition of up to 95% and added aluminum.

Read more at Korea Economic Daily

MakinaRocks raises $10M in Series A

๐Ÿ“… Date:

๐Ÿ”– Topics: Funding Event

๐Ÿข Organizations: MakinaRocks, LG, Hyundai

MakinaRocks, an industrial AI solutions startup aiming to revolutionize the world of manufacturing, announced today that it has successfully raised $10 million in Series A funding from prestigious global investors. MakinaRocks expects to use the funds to expand the companyโ€™s portfolio and develop a Software as a Service (SaaS) platform built on the existing on-premise solutions to secure domestic and international customers. The company is actively hiring skilled individuals in data analysis, AI development, and business development.

Read more at MakinaRocks News