Samsung has announced an investment of $300 million in their new Samsung Automotive Innovation Fund. The company will use the fund to focus on the automotive market for things like Self driving technology.
As well as self driving the fund will also focusing on connected car technologies, Artificial intelligence and more.
“During this period of extraordinary transformation in the automotive industry, we are excited to play a leadership role in supporting and shaping the future of smarter, more connected vehicles,” said Young Sohn, President and Chief Strategy Officer of Samsung Electronics and Chairman of the Board of HARMAN. “The Autonomous/ADAS Strategic Business Unit and automotive fund reflect the company’s commitment to the values of open innovation and collaboration. In partnership with OEMs and startups, we will make the driver and passenger experience safer, more convenient, and more enjoyable.”
You can find out more information about the new Samsung Automotive Innovation Fund over at the company’s website at the link below.
Source Samsung