Samsung gets connected car fever, will buy Harman for $8 billion

Samsung logoOn Monday, we received more proof (as if it were needed) that the connected car is not going away any time soon. Samsung and Harman announced that the South Korean electronics giant would purchase the latter for $8 billion, or $112 per share. Although Harman is most widely known for its range of in-car audio products, the company is heavily focused on connected car technology, including a platform for rolling out over-the-air software updates to connected vehicles.

"As a Tier 1 automotive supplier with deep customer relationships, strong brands, leading technology and a recognized portfolio of best-in-class products, HARMAN immediately establishes a strong foundation for Samsung to grow our automotive platform," said Oh-Hyun Kwon, vice chairman and chief executive officer of Samsung Electronics.

Samsung gets connected car fever, will buy Harman for $8 billion

"Partnerships and scale are essential to winning over the long term in automotive as demand for robust connected car and autonomous driving solutions increases at a rapid pace," said Dinesh Paliwal, HARMAN chairman, president, and CEO.

The deal will provide Samsung with a massive customer base in the automotive industry, and it means that Harman has access to Samsung's display technology, among other things. The new partnership suggests we might start seeing much higher resolution displays showing up in new vehicles. Samsung's experience with connectivity solutions—like the forthcoming 5G wireless communication standard—will presumably be of great value to Harman, which will operate as a standalone subsidiary of Samsung.

Source: Ars Technica

Tags: automobiles, Samsung

Comments
Add comment

Your name:
Sign in with:
or
Your comment:


Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party


Last news

 
Purported leak reveals upcoming phablet’s design
 
Google boasts of integration with Google Assistant and Google Home
 
The support team replied that some hardware limitations are leading to malfunctions
 
The retailer will allow results to appear in the Shopping section of Google’s search engine
 
Trump is seeking to lift the export ban as a "personal favor" to China
 
The company reportedly sniffed around AMD and Nvidia as potential GPU suppliers
 
 
iPhone users in the US will be able to automatically share their location with first responders
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 /
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
 
 

News Archive

 
 
SuMoTuWeThFrSa
     12
3456789
10111213141516
17181920212223
24252627282930




Poll

Do you use microSD card with your phone?
or leave your own version in comments (10)