LG Innotek (KRX:011070) teamed up with US-based engineering simulation software firm Ansys to integrate the Digital Twin technology into all its processes, aiming to improve product development and reduce costs, according to a company release last week.
The technology, which uses virtual simulations to predict real-world outcomes, is advancing fast in manufacturing, the release said.
Shares of the electronic component manufacturer rose more than 3% at the market close.
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