LG Innotek struggles to gain ground in Samsung smartphone CoF

LG Innotek is supplying CoF for budget and mid-range Samsung smartphones this year. Despite the CoF supply chain formed by the Korean govt., Stemco still has the upper hand in overall volume and model-specific volume in the Samsung CoF market.

TheElec notes that LG Innotek is not making progress in Samsung smartphones’ CoF (chip-on-film) market. Back in 2021, Korean govt formed a local CoF supply chain, but Japan’s Stemco still has an edge over LG Innotek in the Samsung smartphone CoF market.

As of 2024, LG Innotek and PI Advanced Materials are still supplying CoF and related materials for Samsung’s affordable phones like the Galaxy A5 series. Pay attention, the lower lineup of the Galaxy A series and Galaxy M series uses the CoG method, mounting chips on glass substrates.

LG Innotek’s CoF production line operation rate is expected to reach around 70% this year. Beyond Samsung, LG Innotek supplies smartphone CoFs to Oppo, Vivo, and Xiaomi. Notably, G Innotek’s revenue was 20.6 trillion won last year.

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