BlackBerry Shares Rise as Q2 Earnings, Revenue Beat Estimates 
Meta Partners With Shopify to Bring Shop Pay Checkout to Muse AI 
Akamai Shares Surge on $11.6B Anthropic AI Cloud Deal 
McDonald’s Sees Flat Traffic, Sticky Inflation as New Normal 
Select Water Solutions Shares Surge on $700 Million Pilot Water Deal 
CNN, MS NOW and Politico Sue Trump Over White House Media Ban 
SoftBank Raises $11.1 Billion in Bond Sale to Fund OpenAI Investment 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Novo Nordisk Weighs Direct NYSE Listing to Boost U.S. Profile 
BMW 2028 Margin Target Could Fall Below Consensus, UBS Says 
Meta Unveils Muse Charm AI Device, Expands Smart Glasses Lineup 
JPMorgan Names Lavatelli Japan Chief in Leadership Shake-Up 
Costco Revenue Beats Estimates as Inflation Drives Bulk Shopping 
Microsoft Stock Upgraded as Stifel Sees Stronger Azure Growth 
Goldman Sachs Names Simon Lyons UK Investment Banking Co-Head 
Oracle Shares Fall as New Mexico AI Data Center Faces Power Delays 
Add as a preferred source on Google
LG Innotek was confirmed to be signing a deal with Microsoft for the expansion of its 3D sensing business. It was said that the American computer software giant agreed to the partnership, and more details were revealed on Monday, March 8.
The deal for LG’s plans mass-produce the ToF modules
The Korea Times reported that LG Innotek signed a memorandum of understanding or MOU with Microsoft Corporation so they can work together in the development and production of time-of-flight (ToF) modules that will be utilized for MS’ Azure cloud computing service.
The South Korean company is said to be aiming at mass-producing these modules by the second half of this year. This ToF module has been described as the main component in 3D sensing cameras that can be used for many things like capturing 3D images and distance measurement.
This is also found in smartphones and wearable devices as the module is applied here for various functions such as motion recognition, biometric authentication, virtual reality (VR), and augmented reality (AR). Apparently, the ToF is an important component in advanced devices being used today.
On the other hand, as per The Korea Herald, Microsoft’s Azure is a cloud computing service that is said to be the 2020’s second-largest in the global cloud computing market. To prove how much this is being used around the world, Azure is the choice of international companies, including AT&T, Walt Disney, Walgreens, and SAP.
The terms of the partnership
In any case, under LG Innotek and Microsoft’s MOU, the former will form a new ToF module for the Azure platform. LG Innotek will be using the latter’s advanced 3D-sensing module technologies for the project.
The module will then be installed on wearable gadgets and the likes to serve as data input devices that are connected to the Azure service. As mentioned, Microsoft will allow LG Innotek to use its 3D-sensing system and work together to gain more customers.
"This MOU will be a good opportunity to expand application areas for our 3D sensing modules beyond smartphones, as we will utilize our global No. 1 business capability in the smartphone market," Eun Jong Yun, LG Innotek’s chief of the Optics Solution Product Planning Division, said.
