Archive for the ‘LG Group’ Category

LG boasts first smartphone with dual-core processor

Thursday, December 23rd, 2010

LG on Wednesday unveiled its Optimus 2X, an Android 2.2-powered smartphone and the first to contain a dual-core processor, Nvidia’s Tegra 2,1GHZ chip. The phone sports a 4-inch display and an 8-megapixel camera, as well as a second, 1.3-megapixel camera for video conferencing that supports 1080p recording. Mobile Beat (12/15)

LG to spend heavily on electronics in 2011

Thursday, December 23rd, 2010

Looking to snatch some market share away from rivals such as Apple and Samsung, LG Group said it would spend its largest amount ever next year to support its smartphone, tablet computer and advanced flat panel businesses.

The South Korean company is expected to earmark almost 70% of its $18 billion investment in 2011 to beef up its electronics businesses, an 11.7% increase over this year’s outlays. The Wall Street Journal