[News] LG Innotek Reportedly Deepens Robotics Push with Camera Module Supply to Figure AI

According to South Korean media outlet ETNews, industry sources on June 18 indicate that LG Innotek plans to supply camera modules for Figure AI’s humanoid robots. The two companies are reportedly in negotiations over specific volumes and pricing. If a final agreement is reached, shipments are expected to begin in early 2026, the report adds.

As noted by the report, Figure AI CEO Brett Adcock stated in January that the company plans to mass-produce 100,000 humanoid robots within the next four years. LG Innotek’s camera modules are expected to be integrated into these units, the report suggests.

Meanwhile, prior to this potential deal, LG Innotek had already invested USD 8.5 million (KRW 11.5 billion) in Figure AI in February 2024, as the report points out.

Although still a young company, Figure AI is already valued at around USD 39.5 billion, according to the report. It gained attention in March last year with the launch of “Figure 01” and has since attracted major investors, including NVIDIA, Amazon Chairman Jeff Bezos, Microsoft, and Intel Capital, the report highlights.

LG Innotek Expands Footprint in Robotics Supply Chain

LG Innotek is aiming to establish a stronger presence in the rapidly expanding humanoid robot market. Notably, according to Business Korea, in May 2025, LG Innotek has teamed up with Boston Dynamics, the robotics arm of Hyundai Motor Group, to develop the “eyes” of humanoid robots—a critical component in advanced robotics.

These moves also reflect LG Innotek’s push to diversify its revenue, since 83.1% of its first-quarter earnings in 2025 still came from camera modules—mostly used in Apple iPhones, ETNews notes.

LG CNS Announces Partnership with Skild AI

In addition to LG Innotek’s component supply efforts, other LG Group affiliates are also stepping up their involvement in the robotics space. LG CNS announced on June 17 that it signed a strategic partnership with U.S.-based AI robotics firm Skild AI, becoming the first Korean company to do so, according to Business Korea. The company also invested approximately KRW 10 billion (about USD 7.29 million) in Skild AI through LG Technology Ventures, the venture capital arm of LG Group.

Skild AI’s core technology is the Robot Foundation Model (RFM), whi07ch serves as the decision-making brain of robots, Business Korea notes. Meanwhile, Samsung and NVIDIA reportedly are also planning to acquire minority stakes in Skild AI to bolster their positions in the consumer robotics market, according to Bloomberg.

Read more

• [News] NVIDIA, Samsung Reportedly Back Startup Skild AI in Consumer Robotics Push
• [News] Samsung Speeds up Humanoid Development to Offset Business Headwinds, Challenging Tech Giants

(Photo credit: Figure AI)