Latest news with #LGGroup
TechCrunch
2 days ago
- Automotive
- TechCrunch
Aeva strikes lidar chip-making deal with LG subsidiary
LG Innotek, the components and materials subsidiary of South Korea's LG Group, has struck a manufacturing partnership with Aeva Technologies, which makes 4D LiDAR sensing systems. The partnership will see LG Innotek manufacturing and supplying Aeva's Atlas Ultra 4D LiDAR sensor for automobiles, and eventually expanding the technology for use in consumer electronics, robotics and industrial automation. As part of the deal, LG Innotek will invest up to $50 million in Aeva, acquiring an equity stake of about 6% in the U.S. company. 'The first part of the partnership is focused on the automotive sector,' Aeva's co-founder and CEO Soroush Salehian told TechCrunch. 'LG Innotek will act as our manufacturing partner for some of the top 10 global passenger vehicle OEMs.' Founded in 2017, Aeva says it has poured nearly half-a-billion dollars into developing what it calls '4D LiDAR on a chip.' Unlike conventional LiDAR systems that rely on time-of-flight measurements to estimate distance, Aeva's Frequency Modulated Continuous Wave-based perception technology measures both distance and velocity for every pixel in real time, Salehian said. 'It's like going from black-and-white to color camera. We get this velocity information as a new dimension,' he explained. Aeva says it has integrated the entire LIDAR system, including optics, into a silicon photonics module. This miniaturized, chip-scale design enables more efficient production and integration, particularly for scaling in markets such as automotive, robotics, and consumer electronics, Salehian said. The company plans to put the capital from the deal towards product development and augmenting its team. 'Over the past eight years, we've made [the hardware] super small, and we're sticking to that trajectory. We're going to make it down to a monolithic, single-chip,' Salehian said. Techcrunch event Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. San Francisco | REGISTER NOW Aeva is also targeting the manufacturing sector, and has struck partnerships Nikon in Japan and CKG in Germany. The company is also expanding into smart infrastructure and transportation, providing security and monitoring solutions at major U.S. airports, including SFO and JFK Terminal One.
Forbes
2 days ago
- Automotive
- Forbes
LG Innotek Invests In Aeva 4D Lidar For Next-Generation Perception
Aeve is accelerating the commercialization of its Frequency Modulated Continuous Wave (FMCW) ... More perception platform for use in autonomous driving as well as other tech sectors. Aeva, a leading force in next-generation sensing and perception systems, today announced a broad strategic collaboration with LG Innotek, a manufacturer of cutting-edge technology and an affiliate of the LG Group. The partnership includes a strategic investment by LG Innotek of up to approximately $50 million comprising the anticipated equity stake in Aeva, non-dilutive investment for new product development, and capital investments to bring production capacity online for Aeva's next generation products. (This investment agreement is currently undergoing customary regulatory approval process.) Aeva states that this multi-faceted collaboration will enable the company to accelerate the commercialization of its Frequency Modulated Continuous Wave (FMCW) perception platform to a wide range of industries and new applications across a wide range: automotive, industrial automation, robotics, and consumer devices. Aeva aims to transform autonomy with its sensing and perception technology that integrates all key LiDAR components onto a silicon photonics chip in a compact module. Aeva 4D LiDAR sensors detect instant velocity in addition to 3D position – which they state is unique in the lidar space – allowing autonomous devices like vehicles and robots to make more intelligent and safe decisions. 'The ultimate goal of this partnership is for LG Innotek and Aeva to grow together as key players leading the next-generation LiDAR market through a long-term technology partnership that goes beyond the supply of products,' said Hyuksoo Moon, CEO of LG Innotek. He went on to add, 'Starting with this collaboration with Aeva, LG Innotek will continue to expand its LiDAR product line-up, which delivers differentiated customer value, and further solidify its position in the global market as a total mobility solution provider for the future.' Accelerating Aeva's FMCW Perception Platform into Physical AI This collaboration establishes the foundation to accelerate the adoption of Aeva's FMCW-based perception platform into Physical AI—where intelligent systems equipped with sensors, processing, and AI software can perceive, understand and interact with the physical world in real time. By combining Aeva's perception platform, consisting of its FMCW lidar-on-chip sensor, a custom processing System-on-Chip (SoC) and perception software, with LG Innotek's global scale and cross-industry leadership, the two companies say they will develop new sensing and perception solutions. The partnership will advance the technology's adoption in automotive and expand to additional sectors across the following markets. Automotive: The collaboration will start in the automotive sector where LG Innotek will manufacture and supply to Aeva its Aeva Atlas™ Ultra 4D LiDAR sensor. This includes for Aeva's previously announced development program with a top 10 global passenger OEM for multiple vehicle models across the OEM's global production platform. LG Innotek is already a key supplier of optical sensing solutions for some of the world's leading car makers. Industrial Automation: Beyond automotive, Aeva and LG Innotek will co-develop new sensing and perception products for the industrial automation market for use across industrial equipment operating indoors and outdoors, combining Aeva's FMCW platform with LG Innotek's scale, resources, and deep experience in developing and manufacturing advanced electronics. Robotics: LG Innotek is already a key supplier in optical and LiDAR sensing modules for the robotics sector, including next-generation humanoid robots from leading technology companies. Together, Aeva and LG Innotek will pursue opportunities to deliver next-generation perception systems for this fast-growing market. Consumer Devices: LG Innotek is a supplier of advanced sensing and electronics components to some of the largest consumer electronics brands in the world. Aeva and LG Innotek plan to explore new product opportunities in emerging consumer applications such as smartphones, tablets, AR/VR headsets, smart appliances, and home robotics—areas where FMCW sensing can unlock significant new capabilities. 'LG Innotek is a global leader in cutting-edge technology components and their decision to collaborate with Aeva underscores the growing recognition of FMCW as the future of sensing and perception technology,' said Soroush Salehian, Co-founder and CEO at Aeva. 'Together, we see a tremendous opportunity to bring Aeva's perception platform to a wide range of applications—wherever machines need to perceive and understand their surroundings. By leveraging the unique capabilities of FMCW sensing and proprietary software, we can help machines see with greater precision and enable faster, safer, and more intelligent decision-making across industries.' Aeva Day Top leadership from LG Innotek including CEO Hyuksoo Moon, and CTO David Roh will join Aeva's co-founders at Aeva Day on July 31 to discuss more details about the partnership. This website provides more information about the event. Aeva Makes A Mark In On-Road Autonomy Aeva has been working with a wide range of on-road autonomy providers over several years. In 2023, May Mobility selected Aeva to be the exclusive supplier of long-range LiDAR sensors for May Mobility's autonomous vehicles globally. The multi-year supply agreement provides 5-year volume commitments through 2028, with delivery starting this year and production ramping in 2025. Earlier this year, Aeva announced that Swiss urban autonomy software provider Loxo has selected its long-range 4D LiDAR technology for integration into Loxo's autonomous driving platform, Digital Driver. The partnership begins with the deployment of Aeva Atlas across Loxo's delivery vehicle fleet, which is focused on middle and last-mile logistics. Inyo Mobility is a deployer of urban transportation services in Europe. The Inyo CAB is a fully electric modular vehicle designed for sustainable, last-mile urban mobility, featuring a customizable interior, barrier-free access, and multiple autonomous and manually operated configurations for both passenger and cargo transport. Earlier this year, Inyo announced their selection of Aeva as the exclusive LiDAR supplier for its upcoming autonomous shuttle program. The partnership will integrate Aeva's cutting-edge Aeva Atlas™ 4D LiDAR technology into Inyo's autonomous vehicle platform, aiming to enhance safety, perception, and operational efficiency in complex urban environments. Aeva sensors are very much in the truck autonomy game as well. Earlier this month, Aeva announced an expanded partnership with Daimler Truck North America (DTNA) to advance the commercialization of autonomous vehicles through enhanced production of Aeva's state-of-the-art 4D Atlas LiDAR technology. As part of the strengthened collaboration, DTNA is providing additional non-recurring funding to further support Aeva's development as the company advances to series production. In response to the growing demand for Aeva's 4D LiDAR, Aeva plans to increase its production capacity to up to 200,000 LiDAR units annually, with the goal of supporting multiple customers including Daimler Truck for production of advanced sensing in autonomous vehicle applications. This expanded partnership builds on the selection of Aeva as the production LiDAR supplier for Torc Robotics, an independent subsidiary of Daimler Truck AG, and its SAE Level 4 autonomous Freightliner Cascadia trucks. Marking a major milestone, the first autonomous-ready Cascadia trucks equipped with Aeva's 4D LiDAR sensors are now operating on public roads in Texas. Also, in 2021 announced that Aeva lidars would be the company's choice for volume production of autonomous trucks. Plus is working with OEM partner TRATON for near-term launch of autonomous trucks, starting with TRATON subsidiary International Trucks in the U.S. Aeva already has a significant footprint in on-road autonomy. With the LG Innotek partnership, their footprint is likely to grow substantially in the near term. Disclosure: Richard Bishop is an Advisor to and/or an equity holder in the following companies mentioned in this article: Plus.
Business Wire
7 days ago
- Business
- Business Wire
LG Group Marks 20 Years of Real Estate Development, Construction & Design Innovation
CHICAGO--(BUSINESS WIRE)--LG Group, the award-winning multi-service real estate development, construction, and design firm, is celebrating two decades of thoughtful collaboration, strategic growth, and holistic innovative approaches. Since 2005, the Chicago-based company has developed $2 billion in property and delivered $1 billion in construction volume. A national expansion starting in 2020 touts 25 major development and construction projects across 15 key markets, including Phoenix, Nashville, Atlanta, Detroit, Raleigh, and New York Metro. Comprised of three companies under one umbrella — including execution-driven developer, LG Development, and full-service general contractor, LG Builders — LG Group has evolved, grown, and diversified over two decades of milestones: 2008: Originally named LG Homes, the company rebrands to LG Construction + Development to capitalize on organic residential market growth. 2010: Iconic restaurant, Girl & The Goat, opens, spurring expansion into hospitality and commercial general contracting. 2012: High-end townhome project, Row 2750, is completed as the company's inaugural multifamily development venture. 2022: Transformative rebranding as LG Group unifies development, construction, and design platforms with an integrated approach streamlining operations, sparking cross-functional collaboration, and boosting efficiency. 2023: Ground breaks on 601 N Central, the largest multi-family development project in downtown Phoenix. Today, in its latest evolution, LG Group relaunches its third core company, LG Design, as Offshoot Creative — a standalone design business offering integrated expertise to LG Development and third-party design-build clients that deepens the company's commitment to providing exceptional design solutions that elevate every project. 'I couldn't be more proud of what our team has accomplished — most notably, our construction and development divisions' recent completion of over $700 million of distinct, high-end real estate, ranging from well-known food and beverage concepts to 750-unit high-rise apartment buildings,' LG Group Founder & CEO, Brian Goldberg, said. 'As we look ahead, LG Group remains committed to continued growth and delivering exceptional value to our clients, investors, and employees every step of the way.' The company has a number of major projects in the pipeline for 2025, including: $14 million, 53,400 square foot Tiny Giants daycare education facility with 24 multifamily residential units above in Irving Park; $6 million Mozart Building renovation for Chicago Jewish Day School in Irving Park; The Cube, a half-million dollar, 23,588 square foot urban playground at 600 N Michigan Ave; and 1740 Division, a 600,000 square foot, 396-unit multifamily development in Nashville, TN. About LG Group LG Group is a multi-disciplinary real estate firm offering a holistic, unified approach to development, construction, and design services across three divisions: LG Development, LG Builders, and Offshoot Creative. For more information, visit
Korea Herald
21-07-2025
- Business
- Korea Herald
LG CNS, Honeywell launch AI push for US factories
LG CNS, a Korean IT solutions provider under LG Group, said Monday that it has partnered with global automation giant Honeywell to enter the North American manufacturing market. LG CNS CEO Hyun Shin-kyun recently met with Pramesh Maheshwari, president of Honeywell Process Solutions, at the company's office in Texas. During the meeting, the two companies agreed to jointly develop manufacturing technologies for AI transformation, or AX, focusing on AI-driven factory automation and intelligent operational solutions. Honeywell, a global technology leader, provides sensors, controllers and smart solutions across the industrial automation, aerospace and energy sectors. Its process solutions division specializes in automating manufacturing processes in industries such as petrochemicals and pharmaceuticals. The partnership aims to combine LG CNS's strengths in AX consulting and service integration with Honeywell's longstanding expertise in industrial control systems. A key component of the collaboration is LG CNS's AI-powered problem-solving agent, which analyzes real-time production data collected via Honeywell's distributed control systems to provide quick solutions. The two companies also plan to identify new business opportunities through LG CNS's 'AI 100 in 100' initiative. Launched earlier this year, the program seeks to develop 100 generative AI services in 100 days, targeting clients hindered by the cost, complexity or time required for AI adoption. 'This partnership marks the first step in our joint effort to deliver business innovation and technological solutions to American manufacturing clients,' LG CNS Hyun Shin-kyun stated. 'LG CNS will leverage its top-tier AI and smart factory expertise, built over years, to provide differentiated manufacturing AX solutions.'
Korea Herald
17-07-2025
- Business
- Korea Herald
New science minister pledges to make Korea AI powerhouse
Science and ICT Minister Bae Kyung-hoon officially began his tenure on Thursday, becoming the first Cabinet minister to take office under the Lee Jae Myung administration. In his inaugural speech at Sejong Government Complex, Bae pledged to lead a national transformation powered by artificial intelligence and advanced science and technology. 'The future of our nation will depend on how we design strategies and respond to the coming wave of innovation and change,' he said. Bae is one of Korea's leading private-sector AI experts. As the founding president of LG AI Research, the artificial intelligence arm of LG Group, he played a key role in spearheading the development of the conglomerate's hyperscale language model Exaone from December 2020 until he was nominated as the new minister. He also served in key government advisory roles related to AI governance and privacy. He previously held the chief position of the AI technology division at LG Uplus and practiced various AI applications at SK Telecom. Bae has earned a Ph.D. in electronic engineering from Kwangwoon University and completed an executive program for AI: Implications for Business Strategy from the Sloan School of Management at the Massachusetts Institute of Technology. The new minister emphasized that Korea, now standing among the ranks of advanced nations, must break away from outdated approaches to achieve its next goals, including raising the country's potential growth rate to 3 percent and joining the world's top five economic powers. He went on to emphasize the need for a bold transformation, saying, 'We must secure a unique competitive edge that no other country can replicate, and bring about a groundbreaking shift through a national transition rooted in AI and cutting-edge science and technology to enhance efficiency and productivity.' Highlighting AI as the driving force of the new era, Bae said its influence is rapidly permeating all aspects of society beyond industry and the economy. To navigate the shift, he proposed fostering top-tier talent, building an innovation-friendly ecosystem and spearheading a nationwide transformation centered on AI and cutting-edge technologies. He outlined four key policy directions: establishing a robust AI ecosystem, revitalizing the research and development innovation landscape, nurturing world-class talent in AI and science, and addressing pressing challenges closely tied to people's daily lives. "To achieve the vision of becoming one of the world's top three AI powerhouses — the first pledge of the People's Sovereignty Government — we will build a robust AI ecosystem and create an environment where AI is accessible to all,' the minister said. He emphasized the importance of establishing AI and digital infrastructure, enhancing cybersecurity systems, securing foundational AI models, promoting AI transformation and supporting AI semiconductors. Bae also announced plans to restore the grassroots-level basic research initiatives that had been phased out, ensuring stable and sufficient R&D funding. 'We will support the adoption of AI within scientific research itself,' he said. In terms of talent development, Bae proposed enhancing support for young scientists, establishing AI-centered universities, and improving working conditions at government-funded research institutes.
