“Samsung Electronics is buying automotive electronics-maker Harman International Industries for $8bn (£6.4bn), as it makes a big push into connected car technologies,” BBC News reports. “Internet-connected cars will improve in-car entertainment, and be able to help with crash alerts and diagnosing engine problems. It will also be key for driverless technology. Samsung said automotive electronics was ‘a strategic priority.'”
“‘The vehicle of tomorrow will be transformed by smart technology and connectivity in the same way that simple feature phones have become sophisticated smart devices over the past decade,’ Young Sohn, Samsung’s president and chief strategy officer, said in a statement,” The Beeb reports. “Samsung generates the bulk of its revenues from its smartphone business, but is now looking for new areas of growth.”
MacDailyNews Take: Gee, wonder why? (smirk)
“Harman, which has its headquarters in Connecticut, makes products that are used in more than 30 million vehicles,” The Beeb reports. “The deal is expected to be completed in mid-2017. Harman’s chief executive, Dinesh Paliwal, will continue to run the company.”
Read more in the full article here.
MacDailyNews Take: Buh-bye, Harmon.
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