Samsung is investing $8 billion to get inside your vehicle
Samsung Electronics, the South Korean electronic devices giant– which already makes popular but recently problem-plagued mobile phones– stated on Monday that it had agreed to buy Harman International Industries, an American automobile technology company, in an enthusiastic push into an entirely different sort of mobile.
Harman is regarding for making vehicle audio systems under brand popular with audiophiles such as Harman/Kardon and JBL. However, Harman’s appeal to Samsung stems from what it calls its connected vehicle company– an operation that provides a vehicle’s navigation services, its onboard entertainment systems, and its touch with the rest of the world.
“The vehicle of tomorrow will be changed by clever technology and connectivity in the same way that simple function phones have become being sophisticated smart devices over the past years,” Young Sohn, the president and chief strategy officer of Samsung Electronics, stated in a press release.
The deal marks the newest ambitious foray by a recognized name in the technology world into a new generation of smart items sometimes jointly called the internet of things. With this scheme, everything from house security systems to refrigerators will be connected to the internet, collecting information and controllable at the touch of a smartphone icon.
Much of that focus has boiled down to vehicles. Last month, the American chip maker Qualcomm accepted obtain NXP Semiconductors for $38.5 billion, which would give it a presence in the market for constructing a new generation of chips for smart cars. The chips are one of the accessories for smart cars that will give significant change in the power of the vehicle.
