LG Innotek develops AI-powered component recommendation system

LG Innotek has developed an artificial intelligence (AI)-powered system that recommends components suitable for use in new products, the company said Sunday. Completed recently after two years of development, the system analyzes vast amounts of internal and external component data using AI and allows users to compare specifications and prices at a glance. LG Innotek’s key products include camera modules, semiconductor substrates and automotive components, each of which can contain hundreds of individual parts. By using AI to speed up component selection while considering both price and performance, the company expects to strengthen its competitiveness. When users enter the specifications they need, the system searches through the data of more than 2 million components in its database and suggests parts with similar specifications. By providing information on components previously purchased by LG Innotek and from the external market, the system significantly broadens the search domain. A distinctive feature of the system is its reference price function. The AI analyzes actual purchase r