[Edaily Reporter Kwon Oh-seok] #LG Innotek's stock price is surging in early trading, buoyed by positive forecasts from the securities industry.

According to MP Doctor on the 15th, LG Innotek is trading at 143,000 won as of 9:21 a.m., up 10.33% from the previous trading day.
Earlier today, KB Securities released a report on LG Innotek, assessing that the company is expected to benefit from the expansion of the iPhone’s AI-powered Siri ecosystem and the growth of its AI semiconductor substrate business. The firm maintained its “Buy” rating and a target price of 2 million won.
Kim Dong-won, Head of Research, stated, “The company is expected to be the biggest beneficiary of the expansion of the AI Siri ecosystem driven by changes in iPhone strategy from 2026 to 2028,” adding, “The AI semiconductor substrate and server FC-BGA businesses, which have shifted to a supplier-dominated market, are emerging as key drivers of mid-to-long-term earnings improvement.”
KB Securities projected that LG Innotek’s second-quarter operating profit would reach 202.8 billion won, an 18-fold increase from the same period last year. This figure exceeds the market consensus of 146 billion won by 39%.
The analyst noted, “In the package solutions division, utilization rates have reached 100% due to strong shipments of semiconductor substrates, and the effect of rising selling prices continues,” adding, “In line with the iPhone’s aggressive market share expansion strategy, shipments of optical solutions are also significantly exceeding market expectations every quarter.”
Mirae Asset Securities also emphasized that LG Innotek’s substrate business has entered a phase of full-scale growth. Park Jun-seo, an analyst at Mirae Asset Securities, said, “We are raising our operating profit forecast for the Package Solutions division, which oversees the substrate business, to 336.2 billion won in 2027 and 547.4 billion won in 2028,” adding, “The substrate market is shifting toward a supplier-dominated structure where customers are proactively seeking out suppliers.”
He added, “Starting in 2027, when capacity expansions begin to ramp up in earnest, the Package Solutions division is expected to emerge as the core driver of the company’s overall profit growth,” and projected LG Innotek’s second-quarter revenue at 4.9546 trillion won and operating profit at 180.7 billion won. The operating profit figure represents a 1,488.5% surge year-over-year and exceeds the market consensus by 25%.