LG Chem to invest W15tr in chips, robotics, biotech by 2035

LG Chem will invest 15 trillion won ($9.8 billion) in research and development by 2035, allocating 70 percent of the spending to semiconductor, mobility and robotics materials, as the company accelerates efforts to expand into high-growth sectors.

CEO Kim Dong-choon announced the plan during a company-wide town hall meeting on Monday, outlining LG Chem's strategy to focus on materials for semiconductors, mobility and robotics alongside oncology therapeutics as key future business areas.

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