LG Innotek (KRX:011070) aims to expand its semiconductor parts business to over 3 trillion won in yearly sales by 2030, Pulse News reported Tuesday, citing company CEO Moon Hyuk-soo.
The company will focus on high-end segments like AI and server applications, expanding its flip-chip ball grid array (FC-BGA) business to a trillion-won level during this period, the report said.
Shares of the South Korean electronic component manufacturing firm jumped nearly 5% in recent trade on Wednesday.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)