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LG Group Steps up For Investment in Global Start-ups

Most recently, the investment arm invested in $2 million in AmazeVR, a virtual reality platform start-up in Silicon Valley

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LG
LG logo. Wikimedia Commons

South Korean conglomerate LG Group has said it has been looking for investment opportunities in various fields to keep pace with fast-changing technology trends and find new growth drivers.

LG Technology Ventures, LG’s venture capital investment arm, has invested over $19 million in start-ups in emerging technology fields, including IT, automotive, manufacturing, bio, energy and advanced materials.

The amount is about 4.5 per cent of the $425 million fund assets raised by five LG affiliates in electronics, display, chemical, telecom and IT service provision for its establishment in 2018, the company said.

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Among the companies are mobility software provider Ridecell and bio-tech company Lygos, as well as cooking app SideChef and advanced material company Optodot, Yonhap news agency reported on Thursday.

Most recently, the investment arm invested in $2 million in AmazeVR, a virtual reality platform start-up in Silicon Valley.

“LG Technology Ventures is monitoring the technology development of global start-ups, while searching for investment opportunities in various fields, including artificial intelligence, virtual and augmented reality, bio, materials and displays,” LG said in a release. (IANS)

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LG Looking to Revive its Tablet Business with ‘G Pad 5’

The LG “G Pad 5” packs in hardware that’s inferior to the Galaxy Tab S4 2018, but is somewhat competitive with the Galaxy Tab S5e, according to XDA Developers

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LG
LG logo. Wikimedia Commons

With what could purportedly be called the “G Pad 5”, South Korean tech major LG might be looking to revive its tablet business, two years after getting out of the game.

Not only has LG been out of the tablet game for over two years, but the Snapdragon 821 chipset just seems too old to even be available at this point of time.

However, references to the G Pad 5 and LM-T600, code named TF10, have been creeping up all over the place, GSMArena reported on Saturday.

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Another tablet LM-T600 has received a radio certification by National Radio Research Agency (RRA) in South Korea. It was also spotted in a recent kernel source code upload entry on the LG’s servers.

The LG “G Pad 5” packs in hardware that’s inferior to the Galaxy Tab S4 2018, but is somewhat competitive with the Galaxy Tab S5e, according to XDA Developers. (IANS)