Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Samsung steps up push into autonomous driving technology

The new Autonomous Driving investment comes after the South Korean company completed its acquisition of Harman.

South Korea: Samsung Electronics Co. said Thursday it will invest 75 million euro ($89 million) in TTTech, a Vienna, Austria-based company that makes Autonomous driving technologies and safety controls for Audi cars and others, stepping up its push into Autonomous Driving Technology.

Samsung also announced that it has created a business unit within Harman to oversee autonomous driving.

Samsung's investment in TTTech is the first from a $300 million fund aimed at adding to its autonomous driving technology.

It does not produce vehicles or own an auto company but it acquired licenses to operate self-driving cars in South Korea and in California to test autonomous driving software and hardware.

READ MORE (Deccan Chronicle)

  • The World's Biggest Smartphone Maker Is Investing $300 Million in Autonomous ...Futurism
  • Samsung enters autonomous driving race with new business, fundingGadgets Now
  • Samsung, LG upbeat on automotive techThe Investor
  • Samsung Advances Self-Driving Push With New $300M FundAndroid Headlines
  • Samsung to back self-driving cars with $300m fundNikkei Asian Review
  • Samsung creates $300 million fund to support auto-related startups and ...New Electronics
  • Samsung invests in safety-critical Ethernet networks for cars and satellitesElectronics Weekly
  • Samsung pledges $300M fund and a business unit for autonomous technologyCIOL
  • Samsung is betting millions on autonomous

This post first appeared on The 5th News, please read the originial post: here

Share the post

Samsung steps up push into autonomous driving technology


Subscribe to The 5th News

Get updates delivered right to your inbox!

Thank you for your subscription