Together, the two companies will promote research and development and the construction of a simulation platform, whilst also sharing information in priority fields of research, including computer-aided engineering (CAE), data analytics, automation, and more.
"Altair has advanced simulation, high-performance computing, and data analytics technology to support manufacturing companies as they develop products quickly and efficiently. Through this cooperation with LG, we will develop a powerful and reliable technological foundation that will enhance LG's competitiveness," said Sam Mahalingam, Chief Technology Officer, Altair.
Building advanced digital technology
For over 35 years, Altair has helped companies in their digital transformation efforts. The company is a global leader in computational science and artificial intelligence (AI) that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI.
The two companies plan to build a more advanced digital transformation development environment by integrating LG's product development technology with Altair's simulation and AI technology.
By building a digital development environment using AI-based simulation technology, it's possible to minimise the need for physical testing in the product development stage and reflect feedback gleaned from data analytics and optimisation technology, according to the companies.
"Through our collaboration with Altair, we look forward to advancing digital transformation technology, which is a growth engine for smart product development, and create an environment that accelerates product development," said SeungKey Lee, vice president, LG Electronics Production Engineering and Research Institute (PRI) Manufacturing Innovation Centre.