tech
LG Electronics' shares surge 24% after showing automotive innovations using Google tech
Shares of LG Electronics surged after it unveiled automotive innovations using Google technology.
TL;DR
- LG Electronics India aims for a valuation up to 774 billion rupees in its IPO.
- LG Electronics' shares surged by 23.95% after announcing automotive innovations.
- The innovations utilize Alphabet Inc.'s Google technology and Android automotive operating systems.
- The new system can control multiple displays with different aspect ratios using a single chip.
- LG claims its solution helps automakers reduce the cost of deploying multi-display in-cabin systems.
- The global Android automotive OS market is projected to grow significantly by 2035.