LG Chem Pivots to AI and Robotics with $9.7 Billion Investment Amid Petrochemical Challenges

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2026-06-24 13:47:02

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South Korea's LG Chem is committing 15 trillion won ($9.74 billion) to diversify its business into semiconductors, mobility, robotics materials, and AI applications. The move comes as the petrochemical sector faces prolonged margin pressures and declining profitability.

CEO Kim Dong-chun outlined plans to focus on advanced packaging materials for semiconductors, alongside adhesives and low-dielectric materials. The company aims to generate 2 trillion won ($1.3 billion) in revenue from its electronic materials division by 2030.

In mobility and robotics, LG Chem seeks to expand beyond electric vehicle battery materials, though specific cryptocurrency or blockchain implications remain unstated in the announcement.

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