LG Innotek Rises 16% on $68M Deal

LG Innotek announced a $68 million automotive Wi‑Fi 7 module supply agreement with a leading European parts firm.
Shares surged up to 16% to a record 493,500 won, after a 15% jump the previous session.
Mass production of the Wi‑Fi 7 module is slated for 2027, targeting in‑vehicle connectivity growth of ~9.6% CAGR.
The module offers up to three‑times faster speeds than Wi‑Fi 6E and supports ultra‑wide bandwidth for multiple devices without latency.