Overview
- The supplier agreement, announced Monday, is worth about ₩100 billion, or roughly $68 million to $74 million, with the buyer described as a leading European auto parts company.
- The Wi‑Fi 7 module uses a 320 MHz channel, triples data speeds versus Wi‑Fi 6E, and adds 4K‑QAM and dual‑antenna MIMO to move more data and cut signal loss when many devices are connected.
- LG Innotek says production starts in 2027 and the units will go into audio, video and navigation (AVN) head units made by a German client before reaching global auto brands.
- The module is small—about one‑sixth the size of a credit card—yet it is built for cars’ harsh conditions from −40°C to 105°C and packs more than 150 parts, including a Qualcomm communications chip.
- The company is ramping up outreach in Europe and Japan as in‑car Wi‑Fi usage grows, with Global Market Insights forecasting the market to rise from $20.9 billion in 2025 to $47.7 billion by 2035.