Samsung Electronics strengthens its automotive electronics business by investing in a specialized ADAS company.
Published2017.09.15 06:03The purpose is to secure technologies in the autonomous driving and connected car fields.
Samsung Electronics is strengthening its automotive electronics business by establishing a $300 million 'Automotive Innovation Fund'.
The Automotive Innovation Fund will be operated to secure technologies in the autonomous driving and connected car fields, including smart sensors, machine vision, artificial intelligence, connectivity solutions, and security.
Samsung Electronics has decided to invest €75 million in TTTech, a global leader in autonomous driving platforms and advanced driver assistance systems (ADAS), as the fund's first strategic investment.
Harman establishes a new SBU dedicated to autonomous driving and ADAS technology development.
Meanwhile, Harman, a company specializing in connected cars and audio, has established a new Strategic Business Unit (SBU) dedicated to autonomous driving and advanced driver assistance systems (ADAS) in the connected car sector.
SBU will focus on developing core technologies for safer and smarter connected cars in collaboration with the Samsung Electronics Strategy Innovation Center (SSIC).
Samsung Electronics recently secured an autonomous driving license to test autonomous driving software and hardware in Korea and California, USA.
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