LG InnoTek LED Biz Exit Has Suitors Lining Up

According to Korean media, LG InnoTek plan to sell their LED patents and manufacturing equipment to a Chinese company. *In October, LG InnoTek revealed their intent to withdraw from the LED business—a decision made in 2019 largely on account of steep losses over 12 years’ time for the LED business. Originally, LG InnoTek decided to sell…

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Hector Fratty

Hector Fratty, DrivingVisionNews President and Founder has been for his entire career in automotive lighting. From 1995 to 2006, he was Valeo Lighting Systems’ chief of R&D, managing a staff of 650 engineers and technicians and a budget of over €70m. He holds 20 patents worldwide. In 2008, after 2 years’ consultancy, he initiated the launch of Driving Vision News, a news pipeline dedicated to keeping the lighting and driver assistance community informed of the latest progress and development in the industry. Hector Fratty presides over the highly‐regarded biennial VISION Congress international automotive lighting and driver assistance symposium. Hector Fratty is also a member of the ISAL steering committees.