BOOKMARK
  • Korean|
  • Chinese|
  • Japanese
본문내용 바로가기

Aju Business Daily

SEARCH
  • ECONOMY
  • ENTERTAINMENT
  • IT
  • South Korea
  • North Korea
  • WORLD
  • SPORTS
  • LIFESTYLE
  • AUTO MOTIVE
  • OPINION
  • PEOPLE
  • MILITARY
NEWS > AUTOMOTIVE > article

Samsung establishes $8 mln fund to develop technology for connected cars

Park Sae-jin Reporter(swatchsjp@ajunews.com) | Posted : September 14, 2017, 17:25 | Updated : September 14, 2017, 17:25
  • 트위터
  • 페이스북
  • 웨이보

[Courtesy of Harman]


Samsung Electronics took another step to firm its ground in the competitive next-generation automotive market by creating a 300 million-dollar fund aimed at developing technology for connected cars.

It is Samsung's second largest investment in the sector since it completed the eight billion-dollar acquisition of US-based Harman International, a major connected technology and lifestyle audio solution company, in March.

"The Samsung Automotive Innovation Fund will focus on connected car and autonomous technologies," Samsung said in a statement on Thursday. Related technologies include smart sensors, machine vision, artificial intelligence, high-performance computing, connectivity solutions, automotive-grade safety solutions, security, and privacy.

Samsung has established a new Autonomous/ADAS Strategic Business Unit (SBU) in Harman to lead the market in shaping the future of connected vehicles. The tech giant has also secured licenses for on-road testing of autonomous driving software and hardware under development.

Samsung said the company and HARMAN will focus on engineering, high-performance computing, sensor technologies, algorithms, artificial intelligence, as well as connectivity and cloud solutions that enable Advanced Driver Assistance Systems (ADAS) and automated driving.

However, Samsung stressed in Thursday's statement that it would not enter the car manufacturing business but focus on working with other carmakers and developers to develop technology related to next-generation connected cars.

The connected car market is seen as a key element of the Fourth Industrial Revolution. According to data from Research and Markets, the global shipment of connected cars would rise to 37.7 million units in 2022. Currently, American companies such as Tesla and Google are leading the market with Chinese firms on the pursuit. South Korea is the newcomer with Hyundai and Naver developing platforms for their own AI and communication networks.

Samsung has secured licenses for on-road testing of autonomous driving software and hardware under development.

 

  • Park Sae-jin Reporter
  • email : swatchsjp@ajunews.com
© Aju Business Daily & www.ajunews.com Copyright: All materials on this site may not be reproduced, distributed, transmitted, displayed, published or broadcast without the authorization from the Aju News Corporation.
  • twitter
  • facebook
  • weibo
  • link copy
  • LIST
  • TOP

Related news

  • .Court favors Samsung in legal battle to stop industrial secret leakage .
    Court favors Samsung in legal battle to stop industrial secr…
  • .British carmaker Jaguar to adopt EV batteries from Samsung SDI.
    British carmaker Jaguar to adopt EV batteries from Samsung S…
  • .Samsung spends more money on rehabilitation of troubled shipyard.
    Samsung spends more money on rehabilitation of troubled ship…
  • .Samsung agrees to allow labor union, absorb workers from subcontractors.
    Samsung agrees to allow labor union, absorb workers from sub…
  • .Samsung brokerage issues public apology in newspaper ad.
    Samsung brokerage issues public apology in newspaper ad

Real Time Photo News

  • .Boy band Super Junior embarks on Central and South American tour.

    Boy band Super Junior embarks on Central and South American tour

  • .Hong Kong group to visualize webcomics produced by KT platform .

    Hong Kong group to visualize webcomics produced by KT platform

  • .Girls Generations Hyoyeon discloses reason for new stage name.

    Girls' Generation's Hyoyeon discloses reason for new stage name

  • .​Ex-SISTAR Hyolyn releases teaser video for solo comeback.

    ​Ex-SISTAR Hyolyn releases teaser video for solo comeback

  • .Girls Generations Hyoyeon debuts as EDM DJ with Sober.

    Girls' Generation's Hyoyeon debuts as EDM DJ with 'Sober'

Latest News

more+

  • Two Koreas open direct hotline between t…
  • Web service giant Naver vows to unveil i…
  • Boy band Super Junior embarks on Central…
  • Hong Kong group to visualize webcomics p…
  • S. Korean anti-cancer biosimilar Truxima…
Aju Business Daily
Address : Aju News Corporation LEEMA Building, 11th floor, 42, Jong-ro 1-gil, Jongno-gu, SeoulContact us : swatchsjp@ajunews.com
Copyright ⓒ 2016 By Ajunews Corporation, All Rights Reserved.
Mobile view