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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)


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Samsung steps up push into autonomous driving technology

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