LG Innotek is accelerating its transition from a component supplier to a full-fledged solutions provider that integrates hardware and software capabilities, as it bets on physical artificial intelligence (AI), including robotics and autonomous driving, as a key driver of future growth. During the company’s shareholders' meeting at its headquarters in Seoul on Monday, CEO Moon Hyuk-soo outlined a strategy to place physical AI as a core pillar of LG Innotek’s future business with a goal of delivering meaningful results in the next few years. “A business model where we simply win bids to supply developed components is losing its competitiveness,” he said, speaking to the press after the meeting. “Based on the innovative technologies and product lineup we have built over time, LG Innotek aims to shift its business paradigm toward becoming a company that provides optimal ‘solutions’ tailored to customer needs.” LG Innotek holds scalable technologies, such as sensing, substrate and control, that have been refined through years of collaboration with global tech clients. Identify