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.
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