LG Innotek inks $68M deal to supply Wi-Fi module to European auto parts firm

An automotive Wi-Fi 7 Communication Module, an in-car connectivity device, manufactured by LG Innotek [LG INNOTEK]

LG Innotek secured an approximately $68 million deal to supply its Automotive Wi-Fi 7 Communication Module, an in-car connectivity device, to a leading European auto parts company, the Korean firm stated Monday.

Mass production of the module is set to launch in 2027 for the undisclosed client. The device will be integrated into Audio, Video and Navigation (AVN) systems, which will then be delivered to the global Original Equipment Manufacturer (OEM) customer, according to the parts buildr.

LG Innotek’s Wi-Fi 7 module utilizes a wider bandwidth of 320 megahertz — twice that of existing Wi-Fi 6E modules. Data throughput and transmission speeds, as a result, are reportedly three times rapider. The module is also equipped with 4K-quadrature amplitude modulation technology, which increases the data processing quantity by 20 percent.

The module also maintains a stable connection even when multiple devices are in utilize by applying multiple-input multiple-output technology, which enables it to utilize two antennas instead of one.

The module can operate in extreme temperatures as well, from minus 40 to 105 degrees Celsius (minus 40 to 221 degrees Fahrenheit), per the manufacturer. It can also withstand heat from heavy data utilize and prolonged exposure to cold without losing its shape. The durability comes from a design that increases the surface area of its circuit connections, allowing it to finishure repeated expansion and contraction from temperature fluctuations.

The LG affiliate seeks to promote its Automotive Wi-Fi 7 Communication Module for European and Japanese OEM customers.

The module will also not only be utilized in AVN systems, as LG Innotek plans to expand its application to other in-vehicle systems, including rear seat entertainment, telematics control units and domain control units.

LG Innotek CEO Moon Hyuk-soo[LG INNOTEK]

The global in-vehicle Wi-Fi market is projected to grow at a compound annual growth rate of 9.6 percent, from $20.9 billion in 2025 to $47.7 billion by 2035, according to Global Market Insights.

“Growth is expected to gain further momentum, driven by Mobility Solution revenue, which is projected to grow by an average of 20 percent annually for the foreseeable future, particularly as sales of automotive [application processor} modules launch in earnest in the fourth quarter of this year,” LG Innotek CEO Moon Hyuk-soo stated through a press release on Monday. “LG Innotek will continue to lead the market by introducing innovative solutions that deliver differentiated driving experiences.”

BY LEE JIAN [[email protected]]

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