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LG Innotek to Foster the Automotive Car Sensing Business into a USD 1.4 Billion Business by 2030, Led by Its RGB-IR In-Cabin camera module

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Higher resolution and wider field of view, enabling driver and passenger monitoring with a single cameraMinimized module size using “wedge bonding” process, increasing space utilization and design flexibilityFostering of business to reach USD 1.4 billion by 2030, strengthening the line-up of car sensing solutions for both interior and exterior applications

SEOUL, South Korea, Dec. 23, 2024 /PRNewswire/ — LG Innotek (CEO Moon Hyuksoo) announced on December 23 the development of a “Automotive RGB-IR In-Cabin camera module” equipped with a five-megapixel RGB (red, green, blue)-IR (infrared) sensor.

This RGB-IR In-Cabin camera module is a component designed for installation inside vehicles and can be mounted in various locations, such as on the rearview mirror or above the front of the passenger seat. It can detect various aspects of the driver’s condition, such as drowsiness or inattention, and enables real-time monitoring of the conditions of passengers as well, such as whether seat belts are being used in the front and second rows.

The key to autonomous driving is ensuring the safety of drivers, passengers, and pedestrians. Alongside exterior components, such as camera modules for Autonomous Driving (AD) and Advanced Driver Assistance Systems (ADAS) and Light Detection And Ranging (LiDAR) systems, the industry is increasingly focusing on In-Cabin cameras to monitor passengers.

Of particular note is that Europe has mandated the installation of Driver Monitoring Systems (DMSs) in vehicles starting in 2025, and other major countries, including the United States and Japan, are considering similar requirements. As a result, global automakers are increasingly adopting In-Cabin cameras.

Higher resolution and wider field of view, enabling driver and passenger monitoring with a single camera

Previous In-Cabin cameras were mostly limited to certain specific functions, such as DMSs and Occupant Monitoring Systems (OMSs). Executing diverse functions often required the installation of multiple cameras.

In contrast, “LG Innotek’s RGB-IR In-Cabin camera module” can perform various functions with a single camera. Installed with a high-resolution RGB-IR sensor, it captures red, green, and blue visible light as well as infrared wavelengths, offering a wider viewing angle through the company’s unique wide-angle technology.

With a resolution of five megapixels, five times higher than conventional cameras, “LG Innotek’s RGB-IR In-Cabin camera module” delivers clearer images for more accurate occupant monitoring. It also supports entertainment features such as video calls and conferencing, which are expected to become more relevant as autonomous driving advances. Additionally, its ability to detect infrared rays allows it to clearly recognize subjects in dark environments, enabling accurate monitoring of occupants even at night, when identifying driver drowsiness is most needed.

The “RGB-IR In-Cabin camera module” also boasts a Horizontal Field Of View (HFOV) that is more than double that of earlier models. LG Innotek has applied its proprietary wide-angle technology to support a HFOV of 143˚, expanding the scope of monitoring. This offers visibility of both front-row and second-row seats from various angles.

Minimized module size using “wedge bonding” process, increasing space utilization and design flexibility

“LG Innotek’s RGB-IR In-Cabin camera module” is 15% smaller than existing models. The smaller size of the module allows it to be installed in various locations. For automakers, this enables them to not only make more efficient use of the space inside the vehicle but also increase their design freedom.

The company applied the “wedge bonding” process to minimize the size of the product. Wedge bonding is a technology that uses ultrasonic energy to attach chips and substrates.

In the past, the chips used in the module had to be secured to Printed Circuit Boards (PCB) by applying heat to the joint, with a “heating block” added to the bottom of the PCB board to keep it heated. Wedge bonding eliminates the need for such components and reduces the size of the module by eliminating the need for space for the heating block.

Fostering of business to reach USD 1.4 billion by 2030, strengthening the line-up of car sensing solutions for inside and outside the vehicle

This year, LG Innotek further strengthened its portfolio of vehicle sensing solutions for both the interior and exterior of vehicles by introducing its high-performance heating camera module and high-performance LiDAR, followed by RGB-IR In-Cabin camera module. These flagship products are being actively promoted to automotive customers in North America and Europe.

Looking ahead, LG Innotek will continue to introduce, based on its world-leading optical technology, high-value products such as an “all-weather high-performance camera module” with high-performance heating and cleaning functions. By offering exclusive customer value, the company plans to accelerate its seizure of market leadership.

LG Innotek CEO Moon Hyuksoo said, “The vehicle sensing solutions business, including camera modules and LiDAR, is a core pillar of LG Innotek’s business in autonomous driving components.” He went on to add, “We are committed to growing our vehicle sensing solutions business to USD 1.4 billion business by 2030.”

According to market research firm S&P Global, the global automotive camera module market is projected to grow from approximately USD 6.923 billion in 2023 to USD 10.769 billion by 2030, showing an average annual growth rate of 7%.

LG Innotek will unveil its “RGB-IR In-Cabin camera module”, along with its latest innovations, at the Consumer Electronics Show (CES) 2025 in Las Vegas in January next year.

 

 

 

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Howard Hughes Holdings Set to Join S&P SmallCap 600

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NEW YORK, Oct. 23, 2026 /PRNewswire/ — Howard Hughes Holdings Inc. (NYSE: HHH) will replace Arcosa Inc. (NYSE: ACA) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, October 28. S&P 500 constituent CRH plc (NYSE: CRH) has acquired Arcosa in a deal that closed today, October 23.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date

Index Name  

Action

Company Name

Ticker

GICS Sector

October 28, 2026

S&P SmallCap 600

Addition

Howard Hughes Holdings

HHH

Real Estate

October 28, 2026

S&P SmallCap 600

Deletion

Arcosa

ACA

Industrials

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/. 

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

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SOURCE S&P Dow Jones Indices

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Chelsea FC announces multi-year sleeve partnership with Sokin, the business payments and FX platform

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Chelsea FC name fast-growing fintech platform as Principal Partner

LONDON, Oct. 23, 2026 /PRNewswire/ — Chelsea Football Club has today announced a multi-year partnership with Sokin, the embedded finance and payments company used by businesses worldwide. Sokin will be named a Principal Partner and Official Business Payments and FX Partner of Chelsea FC and Chelsea FC Women.

As a Principal Partner, Sokin will be represented on the sleeves of the Chelsea FC men’s, women’s and academy home, away, and third kits from the 2026/27 season.

The partnership brings together two ambitious London-headquartered organisations with worldwide reach – a club with millions of fans across the world and a fintech platform through which businesses move more than $11 billion a year. A club of Chelsea’s scale works in many currencies every day, with partners, competitions and supporters around the world, and needs a financial partner built to handle that.

Sokin gives finance teams business payments, multi-currency accounts, foreign exchange, checkout and treasury in one place, so they spend less time juggling banks and providers and keep more of what they move.

As Official Business Payments and FX Partner, Sokin will simplify how Chelsea FC sends, receives and manages money in the currencies the club operates in.

The Sokin logo will feature on the sleeve of the Chelsea shirt for the first time [when the men’s team host Tottenham Hotspur at Stamford Bridge on Saturday 24th October.]

Jason Gannon, President at Chelsea FC said:

“At Chelsea, we seek to partner with organisations that share our ambition and innovative mindset. Sokin’s expertise in business payments, and their focus on making both simpler for the businesses they serve, makes them a natural fit for the Club. We are pleased to welcome Sokin to the Chelsea family and look forward to working together in the years ahead.”

Vroon Modgill, CEO and founder at Sokin said:

“Chelsea plays on the biggest stage in world football, and its business runs in dozens of currencies. Sokin was built for that with regulated, multi-currency payments and foreign exchange for organisations that operate internationally. We’re proud to be the platform behind the business payments and FX of one of the most iconic teams in football. Sokin’s platform serves businesses in more than 170 countries. We’re thrilled to be partners for the season ahead. An organisation as sophisticated as Chelsea doesn’t leave its finances to chance.”

About Sokin

Sokin is the financial layer global business runs on. Businesses can transact, convert and hold money in 70+ currencies across 170+ countries. Some businesses use Sokin to manage global finance in-house. Others build it into their products to power financial experiences for their customers. Businesses move more than $9 billion a year on licenses Sokin holds in 36+ countries and infrastructure Sokin owns. Founded in 2019, Sokin has raised over $100 million from investors including Morgan Stanley Expansion Capital and Prysm Capital.

About Chelsea Football Club

Chelsea Football Club is one of the biggest, most successful football clubs globally and our men’s team are reigning world champions, having won the four-yearly FIFA Club World Cup in 2025. Our women’s team, Chelsea Women, are also multiple trophy winners.

Founded in 1905, Chelsea is London’s most central football club, based at the iconic 40,000-capacity Stamford Bridge stadium. Nicknamed the Blues, the club lifted the Champions League for the first time in 2012 and domestically has won the Premier League five times, the FA Cup eight times, the Football League Cup five times and the Football League Championship once, in 1955.

The Chelsea Women’s team have enjoyed a huge amount of success and in 2025 won the FA Women’s Super League for a sixth consecutive year and the eighth time overall. The Women’s FA Cup has been won on six occasions. We have also captured the FA Women’s League Cup four times as well as reaching the UEFA Women’s Champions League final in 2021. In two seasons, 2020/21 and 2024/25, a domestic treble of trophies was secured.

The Chelsea Foundation boasts one of the most extensive community initiatives in sport, helping to improve the lives of children and young people all over the world.

Media Contacts:

Taina Biggs
taina.biggs@sokin.com 

Nerissa Chesterfield
nerissa.chesterfield@chelseafc.com 

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Amy Johnson Appointed President of GDIT

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RESTON, Va., Oct. 23, 2026 /PRNewswire/ — General Dynamics (NYSE:GD) announced today that Amy Johnson has been appointed as president of GDIT, effective November 3.

Johnson is a 27-year veteran of General Dynamics Mission Systems, where she held increasingly senior roles in engineering, engineering management and business leadership across cybersecurity, defense electronics, space and intelligence systems, most recently as vice president and general manager for Space, Cyber and Intelligence. She earned bachelor’s and master’s degrees in computer science and computer systems engineering. 

“Amy has a proven track record of leading teams to solve complex and highly technical challenges for our customers,” said Phebe Novakovic, CEO of General Dynamics. “I am confident that her dynamic leadership, operational rigor and deep commitment to our values and culture will deliver value to our customers, employees and shareholders.”

GDIT delivers digital modernization, cloud computing, artificial intelligence, cybersecurity and software development solutions to the U.S. federal government, defense, intelligence agencies and other customers. It is a business unit of General Dynamics, a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 120,000 people worldwide and generated $52.6 billion in revenue in 2025. More information is available at gd.com.

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SOURCE General Dynamics

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