Apple invests US $820 Million in LG’s Innotek

January 10, 2018
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Apple is investing $820 million in Innotek, the branch of LG that supplies components for the iPhone X’s TrueDepth camera. The money will be used to set up new production facilities and a new research department.

Apple intends to invest a good amount of money in Innotek. Innotek is the branch of LG that is responsible for making advanced camera systems. These systems are used in the Apple iPhone X to enable the Face ID function. LG supplies the ‘flood illuminator’ and ‘dot projector’, two essential components. In order to secure enough stock for the new Apple phones coming this year, an investment of around $820 Million would be made in Innotek. The money will be used for the construction of new production facilities and the development of a new research department. The South Korean newspaper The Investor writes today, following discussions with informed sources.

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Innotek uses the money for expansion and research

The expectation is that Apple will equip its new iPhone X, iPhone X Plus and iPad Pro with Face ID in the coming year. Face ID is a form of facial recognition. Here, countless elements of your face are scanned, to check for validity. The phone creates a 3D map of your face that is almost photorealistic. As a result, the chance that the face scanner makes a mistake and therefore unfairly unlocks the screen is only 1 in 100,000 according to Apple. Therefore, Face ID is the most advanced facial scanner of the moment. Competitors such as OnePlus and Samsung are also working with such techniques, although these are not yet at Apple’s level of accuracy. Apple wants to perfect Face ID even further. For example, the technology should function better in dark conditions.

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About the Apple iPhone X

The iPhone X is the culmination of ten years of the presence of the iPhone brand name. In those ten years, the brainchild of Steve Jobs has radically changed the entire market. You could even say that the iPhone has given birth to the smartphone market. The iPhone X is, therefore, a celebration of creativity. For example, the device has been completely redesigned compared to its predecessor, the iPhone 7. Thus, the housing is made of glass and the AMOLED panel covers almost the entire front. Thus the fingerprint scanner has vanished. Instead, you unlock the device with Face ID. With the advanced TrueDepth camera you can make beautiful self-portraits and Animojis. Thanks to the glass housing, you can also charge the device wirelessly.

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