LG Electronics is strategically expanding its datacenter cooling business by utilizing its existing HVAC experience and introducing innovative products like liquid immersion cooling to capitalize on the AI market.
During the Investors Forum, LG execs outlined their 2030 Future Vision focusing on diversification beyond traditional electronics into AI, robotics, and connected devices, aiming for sustainable growth and profitability.
Despite challenges in the home appliance sector, LG has recorded an eight percent revenue increase, largely driven by innovative subscription services and a shift toward platform-based business models.
The company anticipates that half of its future sales and three-quarters of profits will come from platform services, business-to-business operations, and novel ventures, marking a significant strategic pivot.
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