gamenguide : Samsung Enters The Emerging Automotive Tech Industry With An $8 Billion Contract With U.S. Tech Firm

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Samsung Enters The Emerging Automotive Tech Industry With An $8 Billion Contract With U.S. Tech Firm

Sign Up for GamenGuide's Newsletter and never miss out on our most popular stories.Samsung acquires U.S. based automotive infotainment company to enter a new emerging market in the automotive industry.(Photo: Digital Trends/YouTube Scrennshot)Following the trail of giant tech companies investing in the automotive industry; Samsung has recently acquired a U.S. based automotive electronic company.

Harman Is Samsung's $8 Billion Ticket Into the Automotive Tech Race

Harman Is Samsung's $8 Billion Ticket Into the Automotive Tech RaceSamsung Electronics' $8 billion acquisition of the U.S. auto electronics company Harman will instantly transform the South Korean tech company into a major player in the highly competitive and rapidly growing market for auto infotainment, software and connected car technology.Samsung announced Monday that it would pay $112.00 per share in cash for the Stamford, Connecticut, company.It's Samsung's largest acquisition by far and it will put the company in a strong position as the race to develop autonomous vehicles barrels forward.
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Harman Is Samsung's $8 Billion Ticket Into the Automotive Tech Race

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